Equity One (EQY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Equity One (EQY) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.35 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.34. The company posted revenue of $92.53 million in the period, compared to analysts expectations of $92.34 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Equity One. Company shares were Reiterated by Barclays on Jun 13, 2016 to “Underweight”, Firm has raised the Price Target to $ 28 from a previous price target of $26 .

Equity One opened for trading at $32.04 and hit $32.92 on the upside on Thursday, eventually ending the session at $32.77, with a gain of 1.80% or 0.58 points. The heightened volatility saw the trading volume jump to 10,73,494 shares. Company has a market cap of $4,656 M.

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.

Equity One

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