Barclays Maintains an 'Underweight' on Equity One Inc. (EQY); Respositioning on Track, But Still Cautious N-T
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Price: $30.85 --0%
Rating Summary:
2 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Barclays maintains an 'Underweight' on Equity One Inc. (NYSE: EQY) price target raised $1 to $19.
Analyst, Ross L. Smotrich, said, "Same-store NOI trends continue to improve (+4.5% YOY vs. -0.5% YOY in 4Q11) as EQY benefits from 2011 acquisitions in high barrier to entry markets beginning to enter the same store pool...Recent acquisitions of A-quality real estate have been expensive on a cap rate basis, which leads us to be cautious in the near term on the shares, especially given the premium at which EQY trades relative to peers."
Smotrich lowers FY12 EPS estimate from $1.06 to $1.04, but raises FY13 from $1.13 to $1.15.
For an analyst ratings summary and ratings history on Equity One Inc. click here. For more ratings news on Equity One Inc. click here.
Shares of Equity One Inc. closed at $20.60 yesterday.
Analyst, Ross L. Smotrich, said, "Same-store NOI trends continue to improve (+4.5% YOY vs. -0.5% YOY in 4Q11) as EQY benefits from 2011 acquisitions in high barrier to entry markets beginning to enter the same store pool...Recent acquisitions of A-quality real estate have been expensive on a cap rate basis, which leads us to be cautious in the near term on the shares, especially given the premium at which EQY trades relative to peers."
Smotrich lowers FY12 EPS estimate from $1.06 to $1.04, but raises FY13 from $1.13 to $1.15.
For an analyst ratings summary and ratings history on Equity One Inc. click here. For more ratings news on Equity One Inc. click here.
Shares of Equity One Inc. closed at $20.60 yesterday.
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