Equity One Given “Underweight” Rating at Barclays (EQY)
Equity One (NYSE:EQY)‘s stock had its “underweight” rating reissued by equities research analysts at Barclays in a research note issued to investors on Thursday. They currently have a $21.00 target price on the stock, down from their previous target price of $23.00. Barclays’ price objective would indicate a potential downside of 11.50% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, 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. One research 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 presently has a consensus rating of “Hold” and an average price target of $23.88.
Equity One (NYSE:EQY) traded down 0.13% on Thursday, hitting $23.70. 112,148 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 $2.840 billion and a price-to-earnings ratio of 66.47.
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 in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that Equity One will post $1.28 earnings per share 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 3.71%. 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 shares were sold at an average price of $23.50, for a total transaction of $1,426,003.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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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