Analysts Are Bullish on These Financial Stocks: Colony Capital Inc (CLNY), Consolidated-Tomoka Land Co (CTO)


There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Colony Capital Inc (NYSE:CLNY) and Consolidated-Tomoka Land Co (NYSE:CTO) with bullish sentiments.

Colony Capital Inc (CLNY)

B.Riley FBR analyst Randy Binner maintained a Buy rating on Colony Capital Inc yesterday and set a price target of $9. The company’s shares opened today at $6.12, close to its 52-week low of $5.28.

Binner said:

“Introducing CLNY 2020E core FFO estimates. We are introducing our 2020E core FFO for CLNY at $0.70, in line with our estimates for FY18 and FY19. We have also updated our probability- adjusted NAV estimates. We reiterate our Buy rating and $9 PT following the updates. Given in- line operating results in 2Q18 and the potential for positive catalysts around strategic actions, asset sales (which are running ahead of plan), and further capital return, we believe the setup heading into the rest of FY18 continues to be favorable. We also like CLNY from a contrarian perspective as sentiment on CLNY remains decidedly mixed.”

According to TipRanks.com, Binner is a 5-star analyst with an average return of 16.4% and a 71.0% success rate. Binner covers the Financial sector, focusing on stocks such as Health Insurance Innovations, Brighthouse Financial Inc, and Prudential Financial Inc.

Colony Capital Inc has an analyst consensus of Moderate Buy, with a price target consensus of $9.

See today’s analyst top recommended stocks >>

Consolidated-Tomoka Land Co (CTO)

B.Riley FBR analyst Craig Kucera maintained a Buy rating on Consolidated-Tomoka Land Co today and set a price target of $82. The company’s shares opened today at $61.66.

Kucera noted:

“We are adjusting our earnings estimates on Buy-rated Consolidated-Tomoka Land Co. (CTO) post announcement of the closing of $6.7M of land sales in 3Q18, which is anticipated to generate a $1.5M ($0.20/share) gain in 3Q18, leading us to raise our 3Q18 estimate from ($0.15) to $0.05 and reduce our 4Q18 estimate from $3.88 to $3.67. CTO continues to trade at a significant discount to our NAV estimate, and the catalyst to trading to a better multiple, in our opinion, will be CTO’s potential conversion to a REIT and an expected increase in its dividend; we estimate a capital base that, post the sale of all of CTO’s land, could support a $4.25 dividend at an ~40% leverage/~80% AFFO payout ratio.”

According to TipRanks.com, Kucera is a 4-star analyst with an average return of 7.1% and a 70.9% success rate. Kucera covers the Financial sector, focusing on stocks such as NexPoint Residential Trust Inc, Bluerock Residential Growth, and National Retail Properties.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Consolidated-Tomoka Land Co with a $82 average price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts