Ameriprise Financial Inc. boosted its position in Equity One Inc. (NYSE:EQY) by 54.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 371,470 shares of the real estate investment trust’s stock after buying an additional 131,052 shares during the period. Ameriprise Financial Inc. owned approximately 0.26% of Equity One worth $11,954,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of EQY. Los Angeles Capital Management & Equity Research Inc. bought a new position in Equity One during the second quarter worth $1,670,000. PNC Financial Services Group Inc. increased its position 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 worth $163,000 after buying an additional 160 shares in the last quarter. GSA Capital Partners LLP bought a new position in Equity One during the second quarter worth $444,000. State Board of Administration of Florida Retirement System increased its position in Equity One by 7.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 57,093 shares of the real estate investment trust’s stock worth $1,837,000 after buying an additional 4,123 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Equity One by 29.1% in the second quarter. California Public Employees Retirement System now owns 219,338 shares of the real estate investment trust’s stock worth $7,058,000 after buying an additional 49,400 shares in the last quarter. 64.03% of the stock is owned by institutional investors and hedge funds.
Equity One Inc. (NYSE:EQY) traded up 0.51% during mid-day trading on Wednesday, reaching $31.36. 273,293 shares of the company’s stock traded hands. Equity One Inc. has a 12-month low of $24.07 and a 12-month high of $33.46. The stock has a 50 day moving average of $31.03 and a 200 day moving average of $30.22. The company has a market cap of $4.51 billion, a P/E ratio of 58.18 and a beta of 0.82.
Equity One (NYSE:EQY) last issued its earnings results on Wednesday, July 27th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business earned $92.53 million during 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 revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. On average, equities research analysts predict that Equity One Inc. will post $1.39 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.82%. Equity One’s payout ratio is 166.04%.
A number of research firms have recently weighed in on EQY. BTIG Research began coverage on shares of Equity One in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Barclays PLC reissued a “sell” rating on shares of Equity One in a research report on Friday, August 19th. Zacks Investment Research downgraded shares of Equity One from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Deutsche Bank AG increased their target price on shares of Equity One from $29.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, August 17th. Finally, Stifel Nicolaus downgraded shares of Equity One from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. One investment 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. The stock currently has a consensus rating of “Hold” and an average price target of $30.57.
In other news, President Thomas Caputo sold 366,500 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $30.97, for a total transaction of $11,350,505.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 35.90% of the company’s stock.
About Equity One
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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