Analysts have been eager to weigh in on the Financial sector with new ratings on Invitation Homes Inc (NYSE:INVH) and The RMR Group Inc (NASDAQ:RMR).
Invitation Homes Inc (INVH)
In a report issued on August 10, Alex Rygiel from B.Riley FBR reiterated a Buy rating on Invitation Homes Inc, with a price target of $26. The company’s shares opened today at $23.39.
Rygiel wrote:
“Invitation Homes (INVH) met our expectations for core FFO during the quarter, posting a solid $0.29 per share, while exceeding our expectations for same-store core revenue growth (+4.5% vs. our estimate of 4.1%). Additionally, the company announced that it is ahead of schedule in terms of achieving run rate synergies from its merger with and now expects to achieve $5.0 million more in operational synergies than was previously estimated for a total range of $50.0-$55.0 million. That being said, the company reduced its guidance for same-store NOI for 2018 due to higher same-store expense growth stemming from personnel challenges in two of its markets as well as declines in service technician productivity as teams adapt to the integrated system.”
According to TipRanks.com, Rygiel is a 5-star analyst with an average return of 13.2% and a 64.4% success rate. Rygiel covers the Basic Materials sector, focusing on stocks such as Granite Construction Inc, Tutor Perini Corp, and Quanta Services.
Currently, the analyst consensus on Invitation Homes Inc is a Strong Buy with an average price target of $26.25.
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The RMR Group Inc (RMR)
In a report released today, Bryan Maher from B.Riley FBR maintained a Hold rating on The RMR Group Inc, with a price target of $89. The company’s shares opened today at $88.20, close to its 52-week high of $89.50.
Maher observed:
“The RMR Group (RMR) reported fiscal 3Q18 adjusted EPS of $0.58, outpacing our $0.51 estimate and the consensus of $0.50. Adjusted EBITDA came in at $28.5M, below ours/the consensus estimate of $29.2M. Total revenue was $62.1M, above our estimate of $59.0M, primarily driven by reimbursable payroll related and other costs, while general and administrative expenses were $6.6M for the quarter, slightly below our $6.7M estimate. Of note, the company announced the launch of the RMR Office Property Fund LP ., in which RMR will make an initial investment of $100.0M alongside a $206.0M property contribution (investment) by the ABP Trust (Portnoy Family Office).”
According to TipRanks.com, Maher is a 3-star analyst with an average return of 3.1% and a 58.5% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Government Properties Income Trust, and Senior Housing Properties Trust.
Currently, the analyst consensus on The RMR Group Inc is a Hold with an average price target of $89, implying a 0.9% upside from current levels. In a report issued on August 10, Oppenheimer also assigned a Hold rating to the stock.
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