There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on LTC Properties (NYSE:LTC) and GSV Capital (NASDAQ:GSVC) with bullish sentiments.
LTC Properties (LTC)
In a report released today, Joseph France from Cantor Fitzgerald reiterated a Buy rating on LTC Properties, with a price target of $46. The company’s shares opened today at $42.90.
France commented:
“We are reiterating our Overweight rating on LTC, and we are raising price target to $46 from $45, and raising our 2018-19 outlook modesly on evidence that Anthem is stabilizing and its increased liquidity, which we believe could herald some pickup in acquisitions, after a relatively long slow spell. LTC’s 2Q18 numbers were in-line with our estimates, although normalized AFFO was higher (lower straight line rent), and the company raised its FFO guidance by $0.03. LTC was relatively active in 2Q18, selling the Sunrise portfolio (six properties), establishing relationships with five new private pay regional operators, acquiring two memory care communities in Texas, and amending its credit agreement.”
According to TipRanks.com, France is a 5-star analyst with an average return of 11.5% and a 59.2% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and US Physical Therapy.
The word on The Street in general, suggests a Hold analyst consensus rating for LTC Properties with a $42 average price target.
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GSV Capital (GSVC)
Barrington analyst Alexander Paris reiterated a Buy rating on GSV Capital today and set a price target of $11. The company’s shares opened today at $7.05.
According to TipRanks.com, Paris is a 5-star analyst with an average return of 14.9% and a 59.7% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.
Currently, the analyst consensus on GSV Capital is a Moderate Buy with an average price target of $11.
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