New Lifetime High Reached: Equity One (EQY)
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Equity One as such a stock due to the following factors:
- EQY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $65.7 million.
- EQY has traded 8,198 shares today.
- EQY is trading at a new lifetime high.
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More details on EQY:
Equity One, Inc is a real estate investment trust. The firm invests in the real estate markets of United States. It owns, manages, acquires, develops and redevelops shopping centers and retail properties. The stock currently has a dividend yield of 2.8%. EQY has a PE ratio of 52. Currently there are 3 analysts that rate Equity One a buy, 3 analysts rate it a sell, and 3 rate it a hold.
The average volume for Equity One has been 983,700 shares per day over the past 30 days. Equity One has a market cap of $4.5 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.68 and a short float of 4.8% with 2.18 days to cover. Shares are up 16.8% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Equity One as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
- EQUITY ONE INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, EQUITY ONE INC increased its bottom line by earning $0.50 versus $0.37 in the prior year. This year, the market expects an improvement in earnings ($0.56 versus $0.50).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 163.1% when compared to the same quarter one year prior, rising from $8.01 million to $21.07 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 12.0%. Since the same quarter one year prior, revenues slightly increased by 7.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Net operating cash flow has increased to $41.16 million or 21.09% when compared to the same quarter last year. In addition, EQUITY ONE INC has also modestly surpassed the industry average cash flow growth rate of 11.45%.
- You can view the full Equity One Ratings Report.
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