Analysts Are Bullish on Top Financial Stocks: Global Medical REIT (GMRE), Clipper Realty Inc (CLPR)


There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Global Medical REIT (GMRE), Clipper Realty Inc (CLPR) and WhiteHorse (WHF) with bullish sentiments.

Global Medical REIT (GMRE)

In a report released today, Bryan Maher from B.Riley FBR maintained a Buy rating on Global Medical REIT, with a price target of $11. The company’s shares opened today at $10.19, close to its 52-week high of $10.72.

Maher observed:

“Global Medical REIT (GMRE) reported 4Q18 results that fell slightly below expectations primarily due to the timing of ramping acquisitions and share issuances. AFFO per share came in at $0.20, below our $0.21 estimate and the consensus estimate of $0.21. Adjusted EBITDA came in at approximately $11.6M, just below our $11.8M estimate, but slightly above the consensus estimate of $11.5M. Total revenues came in at $14.4M, slightly below our estimate of $14.6M. The REIT continues to execute on its portfolio growth initiatives with the completion of six acquisitions for $58.8M in 4Q18, bringing the company’s total for the year to 14 acquisitions for an aggregate purchase price of $196.3M. Partially offsetting this was the disposition of its in which the REIT booked a $7.7M gain.”

According to TipRanks.com, Maher is a 1-star analyst with an average return of -1.0% and a 48.8% success rate. Maher covers the Financial sector, focusing on stocks such as Office Properties Income Trust, Braemar Hotels & Resorts Inc, and Community Healthcare Trust.

Global Medical REIT has an analyst consensus of Moderate Buy, with a price target consensus of $12, representing a 17.8% upside. In a report released yesterday, Boenning & Scattergood also maintained a Buy rating on the stock.

See today’s analyst top recommended stocks >>

Clipper Realty Inc (CLPR)

In a report released today, Craig Kucera from B.Riley FBR reiterated a Buy rating on Clipper Realty Inc, with a price target of $18. The company’s shares opened today at $13.11.

Kucera wrote:

“We are raising our price target on Buy-rated Clipper Realty Inc. (CLPR) from $16 to $18 post 4Q18 results that were effectively in line with expectations, while modifying our 2019 earnings estimates for incremental vacancy from expected renovations at 10 West 65th St. in Manhattan and higher interest expense from a 4Q18 refinancing. Our 2019E FFO is decreasing from $0.54 to $0.51 and our 2019E AFFO is declining from $0.59 to $0.56, while we are establishing 2020 FFO/AFFO estimates of $0.69/$0.75. The company’s same-store results remained strong again in 4Q18 (+3.8% Y/Y or +8.1% Y/Y excluding a nonrecurring 4Q17 tenant reimbursement) while management remains on track to complete development at 107 Columbia Heights and begin lease-up in 2Q19.”

According to TipRanks.com, Kucera is a 4-star analyst with an average return of 4.8% and a 65.3% success rate. Kucera covers the Financial sector, focusing on stocks such as NexPoint Residential Trust Inc, Consolidated-Tomoka Land Co, and National Retail Properties.

The word on The Street in general, suggests a Hold analyst consensus rating for Clipper Realty Inc.

WhiteHorse (WHF)

In a report released yesterday, Timothy P. Hayes from B.Riley FBR reiterated a Buy rating on WhiteHorse, with a price target of $14.50. The company’s shares opened today at $14.05.

Hayes observed:

“We reiterate our Buy rating and $14.50 price target on shares of WhiteHorse Finance, Inc. (WHF) following strong 4Q18 results. WHF reported core NII of $0.40, beating B. Riley FBR/Street estimates of $0.36 and covering the $0.355 per share quarterly dividend. The company achieved a 10%-plus core ROE even as regulatory leverage dropped to 0.57x as proceeds from the Aretec sale were largely undeployed. To that end, WHF waived its management fees earned on excess cash balances, which benefited results and demonstrated strong shareholder alignment. NAV declined modestly but was insulated from broader market volatility given the company’s focus on the more fragmented lower middle market.”

According to TipRanks.com, Hayes is a 4-star analyst with an average return of 7.8% and a 72.9% success rate. Hayes covers the Financial sector, focusing on stocks such as Saratoga Investment Corp, Starwood Property Trust, and Capital Southwest Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for WhiteHorse with a $14.67 average price target, representing a 4.4% upside. In a report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $16 price target.

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