Equity One Stock Hits New 52-Week High (EQY)

NEW YORK ( TheStreet) -- Equity One (NYSE: EQY) hit a new 52-week high Tuesday as it is currently trading at $21.04, above its previous 52-week high of $20.95 with 52,724 shares traded as of 10:10 a.m. ET. Average volume has been 616,000 shares over the past 30 days.

Equity One has a market cap of $2.37 billion and is part of the financial sector and real estate industry. Shares are up 22.4% year to date as of the close of trading on Monday.

Equity One, Inc., a real estate investment trust (REIT), engages in the ownership, management, acquisition, renovation, and development of neighborhood and community shopping centers in the United States. The company has a P/E ratio of 130.2, above the average real estate industry P/E ratio of 71.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Equity One as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Equity One Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.
null

If you liked this article you might like

Regency, Equity One Deal Shows Need for Consolidation in Shopping Centers

5 Things You Must Know Before the Market Opens Tuesday

Regency, Equity One to Combine to Form $12 Billion Mall REIT

Here's a Look at the REITs With Exposure to the Hurricane-Threatened Southeast

New Lifetime High Reached: Equity One (EQY)