There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Independence Realty (NYSE:IRT), Hercules Capital (NYSE:HTGC) and Healthcare Realty (NYSE:HR) with bullish sentiments.
Independence Realty (IRT)
In a report released today, Steve Manaker from Compass Point reiterated a Buy rating on Independence Realty, with a price target of $12. The company’s shares opened today at $10.03.
According to TipRanks.com, Manaker is a 5-star analyst with an average return of 13.8% and a 76.1% success rate. Manaker covers the Financial sector, focusing on stocks such as Innovative Industrial Properties Inc, Preferred Apartment Communities, and NexPoint Residential Trust Inc.
Independence Realty has an analyst consensus of Moderate Buy, with a price target consensus of $11.50, implying a 14.7% upside from current levels. In a report released today, B.Riley FBR also assigned a Buy rating to the stock with a $11 price target.
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Hercules Capital (HTGC)
In a report released today, Casey Alexander from Compass Point reiterated a Buy rating on Hercules Capital, with a price target of $13.75. The company’s shares opened today at $13.64, close to its 52-week high of $13.97.
Alexander has an average return of 20.9% when recommending Hercules Capital.
According to TipRanks.com, Alexander is ranked #2491 out of 4853 analysts.
Currently, the analyst consensus on Hercules Capital is a Strong Buy with an average price target of $14.25, implying a 4.5% upside from current levels. In a report released today, B.Riley FBR also reiterated a Buy rating on the stock with a $15 price target.
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Healthcare Realty (HR)
In a report released today, Joseph France from Cantor Fitzgerald reiterated a Buy rating on Healthcare Realty, with a price target of $34. The company’s shares opened today at $29.95.
France noted:
“. We are reiterating our $34 price target and Overweight rating, but revising our 2018-19 outlook to reflect updated deal timing and the outlook for dispositions. HR’s 2Q18 results were in line with our expectations and organic growth remains strong, reflecting contractual rent bumps (escalators), larger than average cash leasing spreads (reflecting its locations), much higher than average TI (partly because of higher multi-tenant exposure) and high retention rates. HR’s deal pipeline remains active as it continues to reposition more of its portfolio on- campus with multi-tenant leases. We expect that HR’s strategy will accelerate its NOI growth, raise retention rates and sustain higher than average leasing spreads.”
According to TipRanks.com, France is a 5-star analyst with an average return of 11.2% and a 59.5% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and US Physical Therapy.
Currently, the analyst consensus on Healthcare Realty is a Moderate Buy with an average price target of $31.33.
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