There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Stellus Capital (NYSE: SCM) and TIER REIT (NYSE: TIER) with bullish sentiments.
Stellus Capital (NYSE: SCM)
Oppenheimer analyst Chris Kotowski maintained a Buy rating on Stellus Capital (NYSE: SCM) yesterday and set a price target of $15. The company’s shares closed yesterday at $12.66.
Kotowski said:
“We have been saying since last August that the 25% share hurdle caused by last April’s 2.75M share offering would take some time to overcome before SCM could cleanly cover its dividend with NII, but we feel they are making steady progress to do so by 3Q18. Reported NII of $0.28 was below our $0.34 estimate primarily because a $1.3M “dividend” was recorded “below the line” as an equity gain rather than in NII, but portfolio growth was solid. SCM will ask shareholders to approve an increase in its leverage ratio to 2:1 though the management only expects actual leverage to increase its target from ~0.75:1 to ~1:1. the additional liquidity would provide SCM incremental flexibility to grow the portfolio.”
According to TipRanks.com, Kotowski is a 5-star analyst with an average return of 10.0% and a 65.6% success rate. Kotowski covers the Financial sector, focusing on stocks such as Eagle Point Credit Company Inc, Great Elm Capital Corporation, and Apollo Global Management LLC.
Stellus Capital has an analyst consensus of Moderate Buy, with a price target consensus of $14.33.
See today’s analyst top recommended stocks >>
TIER REIT (NYSE: TIER)
In a report released yesterday, John Kim from BMO Capital maintained a Buy rating on TIER REIT (NYSE: TIER), with a price target of $21. The company’s shares closed yesterday at $19.62.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 3.8% and a 56.8% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.
TIER REIT has an analyst consensus of Moderate Buy, with a price target consensus of $21.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
