Equity One Inc. (NYSE:EQY) Receives Consensus Recommendation of “Hold” from Brokerages
Equity One Inc. (NYSE:EQY) has received an average rating of “Hold” from the nine ratings firms that are covering the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $29.75.
Several equities analysts have recently weighed in on the stock. Barclays PLC upped their price objective on shares of Equity One from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Tuesday, July 19th. Zacks Investment Research upgraded shares of Equity One from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Tuesday, July 26th. BTIG Research began coverage on shares of Equity One in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Deutsche Bank AG restated a “hold” rating and issued a $29.00 target price (up previously from $28.00) on shares of Equity One in a report on Monday, July 18th. Finally, Citigroup Inc. upped their target price on shares of Equity One from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, July 7th.
In other Equity One news, President Thomas Caputo sold 366,500 shares of the stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $30.97, for a total value of $11,350,505.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 35.90% of the stock is currently owned by company insiders.
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Hedge funds have recently bought and sold shares of the company. M&T Bank Corp boosted its stake in Equity One by 0.5% in the first quarter. M&T Bank Corp now owns 9,702 shares of the real estate investment trust’s stock valued at $278,000 after buying an additional 52 shares in the last quarter. Northwestern Mutual Investment Management Company LLC boosted its stake in Equity One by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 15,704 shares of the real estate investment trust’s stock valued at $505,000 after buying an additional 56 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Equity One by 3.1% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Equity One by 3.3% in the second quarter. PNC Financial Services Group Inc. now owns 5,078 shares of the real estate investment trust’s stock valued at $163,000 after buying an additional 160 shares in the last quarter. Finally, State Treasurer State of Michigan boosted its stake in Equity One by 0.8% in the second quarter. State Treasurer State of Michigan now owns 36,500 shares of the real estate investment trust’s stock valued at $1,175,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 64.03% of the company’s stock.
Equity One (NYSE:EQY) traded up 0.45% during trading on Monday, reaching $29.03. The company had a trading volume of 176,245 shares. Equity One has a one year low of $25.02 and a one year high of $33.46. The company has a 50-day moving average price of $30.67 and a 200 day moving average price of $30.28. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 53.86 and a beta of 0.75.
Equity One (NYSE:EQY) last issued its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.01. The business had revenue of $92.53 million for the quarter, compared to analysts’ expectations of $93.46 million. Equity One had a net margin of 19.85% and a return on equity of 4.10%. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Analysts expect that Equity One will post $1.39 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend was Wednesday, September 14th. Equity One’s dividend payout ratio is presently 166.04%.
Equity One Company Profile
Equity One, Inc is a real estate investment trust (REIT). The Company owns, manages, acquires, develops and redevelops shopping centers and retail properties located in supply constrained suburban and urban communities. The Company’s property portfolio includes 90-30 Metropolitan, 1175 Third Avenue, Aventura Square, Circle Center West, Culver Center, Bird Ludlum, Greenwood, Pavilion, Sheridan Plaza, Shoppes of Silverlakes, Westport Plaza, Alafaya Village, Ryanwood, Town & Country, Plaza Escuela, Potrero, Copps Hill, Southbury Green, Clocktower Plaza, Buckhead Station, Hampton Oaks, Quincy Star Market, Elmwood Oaks, Westwood Towers, Centre Pointe Plaza and Willows Shopping Center.
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