Shinko Asset Management Co. Ltd. Has $78,228,000 Position in Equity One Inc. (EQY)
Shinko Asset Management Co. Ltd. cut its position in shares of Equity One Inc. (NYSE:EQY) by 3.6% during the second quarter, Holdings Channel reports. The firm owned 2,430,947 shares of the real estate investment trust’s stock after selling 90,752 shares during the period. Shinko Asset Management Co. Ltd.’s holdings in Equity One were worth $78,228,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of EQY. BlackRock Japan Co. Ltd raised its stake in shares of Equity One by 23.8% in the first quarter. BlackRock Japan Co. Ltd now owns 4,783 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 921 shares during the period. LS Investment Advisors LLC raised its stake in shares of Equity One by 75.9% in the second quarter. LS Investment Advisors LLC now owns 5,459 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 2,355 shares during the period. M&T Bank Corp raised its stake in shares of Equity One by 0.5% in the first quarter. M&T Bank Corp now owns 9,702 shares of the real estate investment trust’s stock worth $278,000 after buying an additional 52 shares during the period. Springbok Capital Management LLC purchased a new stake in shares of Equity One during the first quarter worth approximately $287,000. Finally, IBM Retirement Fund purchased a new stake in shares of Equity One during the second quarter worth approximately $297,000. Institutional investors own 64.25% of the company’s stock.
Shares of Equity One Inc. (NYSE:EQY) traded up 0.20% during trading on Friday, reaching $29.91. The company’s stock had a trading volume of 2,157,185 shares. The stock’s 50 day moving average price is $31.61 and its 200-day moving average price is $30.02. The firm has a market cap of $4.30 billion, a PE ratio of 55.49 and a beta of 0.82. Equity One Inc. has a 12 month low of $23.40 and a 12 month high of $33.46.
Equity One (NYSE:EQY) last released its quarterly earnings data on Wednesday, July 27th. The real estate investment trust reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.01. The company had revenue of $92.53 million for the quarter, compared to analysts’ expectations of $93.46 million. Equity One had a net margin of 19.85% and a return on equity of 4.10%. The business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 EPS. Equities analysts predict that Equity One Inc. will post $1.39 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.94%. Equity One’s dividend payout ratio (DPR) is presently 166.04%.
EQY has been the topic of a number of recent research reports. Zacks Investment Research raised 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, July 5th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Equity One in a research report on Sunday, May 22nd. Stifel Nicolaus downgraded Equity One from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Citigroup Inc. lifted their target price on Equity One from $29.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Equity One presently has a consensus rating of “Hold” and a consensus target price of $30.57.
In other news, President Thomas Caputo sold 366,500 shares of the stock in a transaction dated Thursday, August 25th. The shares were 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 SEC, which is accessible through the SEC website. 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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