Deutsche Bank Reaffirms Hold Rating for Equity One (EQY)
Equity One (NYSE:EQY)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a $25.00 price target on the stock, up from their previous price target of $24.00. Deutsche Bank’s target price indicates a potential upside of 5.17% from the company’s current price.
Shares of Equity One (NYSE:EQY) traded down 0.21% during mid-day trading on Wednesday, hitting $23.72. 196,902 shares of the company’s stock traded hands. Equity One has a one year low of $20.71 and a one year high of $24.99. The stock’s 50-day moving average is $23.67 and its 200-day moving average is $22.97. The company has a market cap of $2.843 billion and a price-to-earnings ratio of 66.58.
Equity One (NYSE:EQY) last announced its earnings results on Wednesday, July 30th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Equity One will post $1.28 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, September 12th.
In other Equity One news, EVP Arthur Gallagher sold 60,681 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $23.50, for a total transaction of $1,426,003.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of other firms have also recently commented on EQY. 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $24.13.
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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