Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Community Healthcare Trust (CHCT) and Ellington Financial (EFC).
Community Healthcare Trust (CHCT)
In a report released yesterday, Bryan Maher from B.Riley FBR maintained a Hold rating on Community Healthcare Trust, with a price target of $33. The company’s shares closed yesterday at $36.70, close to its 52-week high of $37.45.
Maher observed:
“Community Healthcare Trust (CHCT) reported 1Q19 results that came in slightly below expectations. AFFO/share came in at $0.40, below our estimate of $0.43 and the consensus estimate of $0.41. Adjusted EBITDA (calculated as operating income plus D&A, deferred compensation, among other adjustments) came in at $9.6M, representing 10.8% Y/Y growth, below our estimate of $10.4M, but above the consensus estimate of $9.5M. Total revenue was $13.4M, up 17.6% Y/Y , but slightly below our estimate of $13.6M, with rental income (including tenant reimbursements) growing 16.5%.”
According to TipRanks.com, Maher is a 1-star analyst with an average return of -0.2% and a 50.0% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Senior Housing Properties Trust, and Office Properties Income Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Community Healthcare Trust with a $38 average price target.
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Ellington Financial (EFC)
B.Riley FBR analyst Timothy P. Hayes reiterated a Buy rating on Ellington Financial today and set a price target of $18. The company’s shares closed yesterday at $17.97, close to its 52-week high of $18.46.
Hayes wrote:
“We reiterate our Buy rating and $18.50 price target on shares of Ellington Financial LLC (EFC) following strong 1Q19 results that beat B. Riley FBR/Street estimates and covered the recently- increased quarterly dividend run rate of $0.42 per share. Core EPS came in at $0.45, well above B. Riley FBR and Street estimates of $0.38. The portfolio performed well as rates rallied and spreads tightened, which generated net realized and unrealized gains in both agency and credit portfolios. In 1Q19, EFC completed a securitization of re-performing Irish residential loans and its fourth Ellington-sponsored CLO (which was up-sized due to strong demand), and is now gearing up for two additional securitizations. On the conference call, we look for guidance around capital deployment, the timing of the two upcoming securitizations, and the trajectory of the dividend.”
According to TipRanks.com, Hayes is a 4-star analyst with an average return of 9.7% and a 83.8% success rate. Hayes covers the Financial sector, focusing on stocks such as Saratoga Investment Corp, Starwood Property Trust, and Cherry Hill Mortgage.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ellington Financial with a $19 average price target.
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