UBS Maintains Equity One to Neutral with Price Target $31.00

Brokerage firm UBS Maintains its rating on Equity One(NYSE:EQY). In a research note issued to the investors, the brokerage major Raises the price-target to $31.00 per share. The shares have been rated Neutral. The rating by UBS was issued on Jul 28, 2016.

In a different note, On Jul 19, 2016, Barclays said it Maintains its rating on Equity One. In the research note, the firm Raises the price-target to $28.00 per share. The shares have been rated ‘Underweight’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Equity One. In the research note, the firm Raises the price-target to $29.00 per share. The shares have been rated ‘Neutral’ by the firm.

Equity One (EQY) shares turned negative on Thursdays trading session with the shares closing down -0.13 points or -0.40% at a volume of 4,05,014. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.69. The peak price level was also seen at $32.69 while the days lowest was $32.45. Finally the shares closed at $32.48. The 52-week high of the shares is $33.46 while the 52-week low is $22.515. According to the latest information available, the market cap of the company is $4,615 M.

Equity One(EQY) last announced its earnings results on Jul 27, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $92.53M. Analysts had an estimated revenue of $93.46M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.34.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Michael Makinen (Chief Operating Officer) sold 1,400 shares at $29.77 per share price.Also, On May 11, 2016, Michael Berfield (Executive VP, Development) sold 10,000 shares at $30.02 per share price.On May 11, 2016, Angela Valdes (Principal Accounting Officer) sold 25,000 shares at $30.23 per share price, according to the Form-4 filing with the securities and exchange commission.

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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