Insider Selling: Arthur Gallagher Sells 60,681 Shares of Equity One Stock (EQY)
Equity One (NYSE:EQY) EVP Arthur Gallagher unloaded 60,681 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $23.50, for a total transaction of $1,426,003.50. Following the transaction, the executive vice president now directly owns 68,188 shares in the company, valued at approximately $1,602,418. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on EQY shares. Analysts at MLV & Co
downgraded shares of Equity One to a “hold” rating in a research note on Monday, August 11th. They now have a $23.00 price target on the stock, down previously from $24.00. Separately, analysts at Cowen and Company raised their price target on shares of Equity One from $23.50 to $24.00 in a research note on Tuesday, July 29th. Finally, analysts at Barclays raised their price target on shares of Equity One from $21.00 to $23.00 in a research note on Monday, July 21st. They now have an “underweight” rating on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.00.
Shares of Equity One (NYSE:EQY) traded up 0.38% during mid-day trading on Monday, hitting $23.50. The stock had a trading volume of 527,003 shares. Equity One has a 52 week low of $20.71 and a 52 week high of $24.99. The stock’s 50-day moving average is $23.67 and its 200-day moving average is $22.95. The company has a market cap of $2.816 billion and a P/E ratio of 65.57.
Equity One (NYSE:EQY) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.02. The company had revenue of $87.40 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter last year, the company posted $0.31 earnings per share. Equity One’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Equity One will post $1.28 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, September 12th.
Equity One, Inc is a real estate investment trust (NYSE:EQY), which owns, manages, acquires, develops and redevelops shopping centers and retail properties located primarily in supply constrained suburban and urban communities.
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