Prudential Financial Inc. Acquires 110,165 Shares of Equity One Inc. (EQY)
Prudential Financial Inc. boosted its stake in Equity One Inc. (NYSE:EQY) by 5.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,117,088 shares of the real estate investment trust’s stock after buying an additional 110,165 shares during the period. Prudential Financial Inc.’s holdings in Equity One were worth $64,804,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its position in shares of Equity One by 3.1% in the second quarter. Daiwa Securities Group Inc. now owns 3,300 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 100 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of Equity One during the second quarter valued at approximately $122,000. Bank of Montreal Can purchased a new position in shares of Equity One during the second quarter valued at approximately $150,000. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $163,000 after buying an additional 160 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Equity One by 7.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,125 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 347 shares during the last quarter. 64.11% of the stock is currently owned by institutional investors.
Shares of Equity One Inc. (NYSE:EQY) opened at 29.63 on Wednesday. The stock has a 50 day moving average of $28.74 and a 200-day moving average of $30.34. The stock has a market capitalization of $4.30 billion, a P/E ratio of 60.10 and a beta of 0.79. Equity One Inc. has a 52-week low of $25.02 and a 52-week high of $33.46.
Equity One (NYSE:EQY) last posted its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm earned $93.76 million during the quarter, compared to the consensus estimate of $93.84 million. Equity One had a return on equity of 3.81% and a net margin of 18.49%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. Analysts predict that Equity One Inc. will post $1.40 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.94%. Equity One’s dividend payout ratio is currently 179.59%.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Equity One from a “buy” rating to a “hold” rating in a research note on Tuesday, November 1st. BTIG Research assumed coverage on shares of Equity One in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. Barclays PLC reissued a “sell” rating on shares of Equity One in a research report on Friday, August 19th. Stifel Nicolaus downgraded shares of Equity One from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Deutsche Bank AG boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Equity One presently has a consensus rating of “Hold” and a consensus target price of $30.83.
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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