Eii Capital Management Lowers stake in Equity One (EQY)

Equity One (EQY) : Eii Capital Management reduced its stake in Equity One by 21.82% during the most recent quarter end. The investment management company now holds a total of 220,224 shares of Equity One which is valued at $7,181,505 after selling 61,463 shares in Equity One , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Equity One makes up approximately 2.05% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , Mizuho Trust Banking Ltd. boosted its stake in EQY in the latest quarter, The investment management firm added 755 additional shares and now holds a total of 17,548 shares of Equity One which is valued at $572,240.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in EQY in the latest quarter, The investment management firm added 347 additional shares and now holds a total of 5,125 shares of Equity One which is valued at $167,126.Strs Ohio reduced its stake in EQY by selling 29,583 shares or 17.72% in the most recent quarter. The Hedge Fund company now holds 137,341 shares of EQY which is valued at $4,421,007. Equity One makes up approx 0.02% of Strs Ohio’s portfolio. Checchi Capital Advisers added EQY to its portfolio by purchasing 227 company shares during the most recent quarter which is valued at $7,339.State Of Alaska Department Of Revenue reduced its stake in EQY by selling 21,120 shares or 35.83% in the most recent quarter. The Hedge Fund company now holds 37,830 shares of EQY which is valued at $1,210,938. Equity One makes up approx 0.12% of State Of Alaska Department Of Revenue’s portfolio.

Equity One closed down -0.13 points or -0.40% at $32.29 with 3,60,434 shares getting traded on Monday. Post opening the session at $32.36, the shares hit an intraday low of $32.215 and an intraday high of $32.57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Equity One reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.34. The company had revenue of $92.53 million for the quarter, 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 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.

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