Zacks Investment Research downgraded shares of Equity One Inc. (NYSE:EQY) from a hold rating to a sell rating in a research note published on Friday.
According to Zacks, “Equity One, Inc. is a self-administered, self-managed real estate investment trust that principally acquires, renovates, develops and manages community and neighborhood shopping centers anchored by national and regional supermarket chains. “
Separately, Raymond James Financial Inc. upgraded shares of Equity One from an underperform rating to a market perform rating in a research report on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock currently has a consensus rating of Hold and an average price target of $31.50.
Equity One (NYSE:EQY) opened at 31.33 on Friday. The company’s 50 day moving average is $30.33 and its 200 day moving average is $30.45. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 63.55 and a beta of 0.79. Equity One has a 1-year low of $25.54 and a 1-year high of $33.46.
Equity One (NYSE:EQY) last released its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.01. Equity One had a net margin of 18.49% and a return on equity of 3.81%. The firm earned $93.76 million during the quarter, compared to analysts’ expectations of $93.84 million. During the same period last year, the business earned $0.33 earnings per share. Equity One’s revenue was up 3.7% compared to the same quarter last year. Equities research analysts forecast that Equity One will post $0.53 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Wednesday, December 14th. Equity One’s dividend payout ratio (DPR) is presently 179.59%.
A number of hedge funds and other institutional investors have recently made changes to their positions in EQY. Daiwa Securities Group Inc. raised its position in shares of 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 during the period. Advisor Group Inc. bought a new position in shares of Equity One during the second quarter valued at $122,000. PNC Financial Services Group Inc. raised its position in shares of 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Equity One by 6.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,444 shares of the real estate investment trust’s stock valued at $167,000 after buying an additional 319 shares during the period. Finally, LS Investment Advisors LLC raised its position in shares of Equity One by 75.9% in the second quarter. LS Investment Advisors LLC now owns 5,459 shares of the real estate investment trust’s stock valued at $176,000 after buying an additional 2,355 shares during the period. 64.04% of the stock is owned by institutional investors.
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.
Get a free copy of the Zacks research report on Equity One (EQY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com