Equity One Inc. (NYSE:EQY) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34.
Several equities research analysts recently commented on EQY shares. Zacks Investment Research upgraded shares of Equity One from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Tuesday. Barclays PLC lifted their target price on shares of Equity One from $28.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 19th. Citigroup Inc. lifted their target price on shares of Equity One from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $29.00 target price (up from $28.00) on shares of Equity One in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.43.
In other news, COO Michael Makinen sold 1,400 shares of Equity One stock in a transaction on Monday, May 16th. The stock was sold at an average price of $29.77, for a total value of $41,678.00. Following the completion of the sale, the chief operating officer now directly owns 15,094 shares of the company’s stock, valued at $449,348.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Chaim Katzman sold 30,000 shares of Equity One stock in a transaction on Tuesday, May 24th. The shares were sold at an average price of $29.09, for a total value of $872,700.00. Following the completion of the sale, the insider now directly owns 243,570 shares of the company’s stock, valued at $7,085,451.30. The disclosure for this sale can be found here.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Thursday, June 16th were given a $0.22 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.73%.
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.
