Equity One (EQY) was Reiterated by Barclays to “Underweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 28 from a previous price target of $26 . Barclays advised their investors in a research report released on Jun 13, 2016.
On the company’s financial health, Equity One reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.33. The company had revenue of $94.48 million for the quarter, compared to analysts expectations of $92.00 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Equity One opened for trading at $30.06 and hit $30.36 on the upside on Friday, eventually ending the session at $30.27, with a gain of 0.20% or 0.06 points. The heightened volatility saw the trading volume jump to 9,86,903 shares. Company has a market cap of $4,301 M.
Investors should note that on May 13, 2016, Equity One announced a cash dividend of $0.2200. The company’s management has announced Jun 14, 2016 as the ex-dividend date and fixed the record date on Jun 16, 2016. The payable date has been fixed on Jun 30, 2016.
In a different news, on May 17, 2016, Michael Makinen (Chief Operating Officer) sold 1,400 shares at $29.77 per share price. According to the SEC, on May 11, 2016, Michael Berfield (Executive VP, Development) sold 10,000 shares at $30.02 per share price. On May 11, 2016, Angela Valdes (Principal Accounting Officer) sold 25,000 shares at $30.23 per share price, according to the Form-4 filing with the securities and exchange commission.
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 subsidiaries include DIM Vastgoed N.V. and C&C (US) No. 1 Inc. Its property portfolio include Circle Center West Culver Center Aventura Square Bird Ludlum Greenwood Pavilion Sheridan Plaza Westport Plaza Alafaya Village Ryanwood Plaza Escuela Southbury Green Buckhead Station Hampton Oaks Quincy Star Market Elmwood Oaks Centre Pointe Plaza and Westwood Towers among others. These properties are located in Florida California Connecticut New York Georgia Massachusetts Louisiana Maryland and North Carolina. Its consolidated shopping center portfolio comprised approximately 122 properties including over 102 retail properties and approximately five non-retail properties totaling approximately 13.5 million square feet of GLA.