Share on StockTwits

Equity One (NYSE:EQY) was downgraded by research analysts at MLV & Co
to a “hold” rating in a report released on Monday. They currently have a $23.00 target price on the stock, down from their previous target price of $24.00. MLV & Co
‘s price objective would suggest a potential upside of 0.09% from the company’s current price.

The analysts wrote, “Following Equity One’s 2Q14 report, we are raising our price target to $24 from $23, based on rolling forward our NOI forecasts by one quarter and incorporating a slightly lower applied cap rate of 5.50%, down 5bps from 5.55%. Our 2014 and 2015 FFO per share estimates are $1.28 (unchanged) and $1.32 (down 2c).”

Shares of Equity One (NYSE:EQY) opened at 23.20 on Monday. Equity One has a 52-week low of $20.71 and a 52-week high of $24.99. The stock’s 50-day moving average is $23.72 and its 200-day moving average is $22.93. The company has a market cap of $2.738 billion and a P/E ratio of 64.73.

Equity One (NYSE:EQY) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.02. The company had revenue of $87.40 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts expect that Equity One will post $1.28 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Equity One from $23.50 to $24.00 in a research note on Tuesday, July 29th. Separately, analysts at Barclays raised their price target on shares of Equity One from $21.00 to $23.00 in a research note on Monday, July 21st. They now have an “underweight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Equity One from $23.00 to $24.00 in a research note on Thursday, July 17th. They now have a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. Equity One has a consensus rating of “Hold” and a consensus price target of $24.00.

Equity One, Inc is a real estate investment trust (NYSE:EQY), which owns, manages, acquires, develops and redevelops shopping centers and retail properties located primarily in supply constrained suburban and urban communities.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.