PNC Financial Services Group Inc. raised its position in Equity One Inc. (NYSE:EQY) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 5,078 shares of the real estate investment trust’s stock after buying an additional 160 shares during the period. PNC Financial Services Group Inc.’s holdings in Equity One were worth $163,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in EQY. Huntington Asset Advisors Inc. acquired a new stake in shares of Equity One during the first quarter worth approximately $380,000. Squarepoint Ops LLC purchased a new stake in Equity One during the first quarter valued at about $1,073,000. Heitman Real Estate Securities LLC raised its stake in Equity One by 51.6% in the first quarter. Heitman Real Estate Securities LLC now owns 3,767,334 shares of the real estate investment trust’s stock valued at $107,972,000 after buying an additional 1,282,590 shares during the period. TIAA CREF Investment Management LLC raised its stake in Equity One by 11.3% in the first quarter. TIAA CREF Investment Management LLC now owns 290,330 shares of the real estate investment trust’s stock valued at $8,321,000 after buying an additional 29,374 shares during the period. Finally, Credit Agricole S A raised its stake in Equity One by 4.0% in the first quarter. Credit Agricole S A now owns 27,716 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 1,055 shares during the period. 64.03% of the stock is currently owned by institutional investors and hedge funds.
Shares of Equity One Inc. (NYSE:EQY) traded down 0.24% during trading on Friday, hitting $28.89. The company had a trading volume of 214,019 shares. Equity One Inc. has a 52 week low of $25.02 and a 52 week high of $33.46. The stock’s 50-day moving average price is $30.74 and its 200 day moving average price is $30.27. The company has a market capitalization of $4.15 billion, a P/E ratio of 53.60 and a beta of 0.75.
Equity One (NYSE:EQY) last released its quarterly earnings results on Wednesday, July 27th. The real estate investment trust reported $0.35 earnings per share for the quarter, beating 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 return on equity of 4.10% and a net margin of 19.85%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. On average, equities research analysts forecast that Equity One Inc. will post $1.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.04%. The ex-dividend date was Wednesday, September 14th. Equity One’s dividend payout ratio is presently 166.04%.
Several research firms have issued reports on EQY. BTIG Research began coverage on shares of Equity One in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Barclays PLC reaffirmed a “sell” rating on shares of Equity One in a research report on Friday, August 19th. Zacks Investment Research lowered shares of Equity One from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Deutsche Bank AG upped their price target on shares of Equity One from $29.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, August 17th. Finally, Stifel Nicolaus lowered 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 given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $30.57.
In other Equity One news, President Thomas Caputo sold 366,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 25th. The stock was 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 at this link. Company 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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