Equity One EVP Arthur Gallagher Sells 79,484 Shares (EQY)
Equity One (NYSE:EQY) EVP Arthur Gallagher unloaded 79,484 shares of Equity One stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $23.67, for a total transaction of $1,881,386.28. Following the transaction, the executive vice president now directly owns 68,188 shares in the company, valued at approximately $1,614,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Equity One (NYSE:EQY) traded down 0.21% during mid-day trading on Thursday, hitting $23.68. 191,184 shares of the company’s stock traded hands. 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 $22.97. The company has a market cap of $2.838 billion and a price-to-earnings ratio of 66.47.
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. 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. Stockholders 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 3.71%. The ex-dividend date is Friday, September 12th.
A number of research firms have recently commented on EQY. Analysts at Barclays reiterated an “underweight” rating on shares of Equity One in a research note on Thursday. They now have a $21.00 price target on the stock, down previously from $23.00. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Equity One in a research note on Wednesday. They now have a $25.00 price target on the stock, up previously from $24.00. Finally, 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.88.
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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