There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Hospitality Properties (NASDAQ:HPT), Sutherland Asset Management Corporation (NYSE:SLD) and Bluerock Residential Growth (NYSE:BRG) with bullish sentiments.
Hospitality Properties (HPT)
B.Riley FBR analyst Bryan Maher reiterated a Buy rating on Hospitality Properties yesterday and set a price target of $32. The company’s shares opened today at $27.86.
Maher said:
“Hospitality Properties Trust posted 2Q18 results that were mostly in line with expectations. Adjusted EBITDA came in at $226.9M, up 3.0% Y/Y , and slightly above our estimate of $226.7M and the consensus estimate of $223.4M. Normalized FFO/share came in at $1.07, slightly below our estimate of $1.08 and in line with the consensus estimate of $1.07. The slight miss to our AFFO/share estimate was driven by higher than expected hotel operating expenses. We will look for color from management on the call as to what drove the increase – likely wages in this tight labor market. Total revenues exceeded our expectations ($612.0M vs. our estimate of $598.6M). Comparable hotel RevPAR increased 2.0% to $105.91, in line with our estimate of 1.9%, while RevPAR for the entire portfolio, which had eleven hotels under renovation in the quarter, decreased 0.1% to $103.57.”
According to TipRanks.com, Maher is a 3-star analyst with an average return of 3.3% and a 60.3% 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.
Hospitality Properties has an analyst consensus of Moderate Buy, with a price target consensus of $30.
See today’s analyst top recommended stocks >>
Sutherland Asset Management Corporation (SLD)
B.Riley FBR analyst Timothy P. Hayes reiterated a Buy rating on Sutherland Asset Management Corporation yesterday and set a price target of $17.50. The company’s shares opened today at $16.45, close to its 52-week high of $16.75.
Hayes observed:
“We reiterate our Buy rating and $17.50 price target on shares of Sutherland Asset Management (SLD) following strong 2Q18 results, in which the company achieved a core ROE well above its 10%-plus target for the second consecutive quarter and record originations. During the quarter, SLD originated $352M of SBC loans (including $160M of higher-yielding Freddie Mac SBL loans) and $48M of SBA loans, all of which were record levels and contributed to an 11.1% core ROE. SLD also executed on a CLO during the quarter, further improving the right side of the balance sheet, and is expected to close a legacy asset CMBS securitization sometime in late 3Q/early 4Q.”
According to TipRanks.com, Hayes is a 4-star analyst with an average return of 9.8% and a 89.7% success rate. Hayes covers the Financial sector, focusing on stocks such as Starwood Property Trust, Cherry Hill Mortgage, and Main Street Capital.
Sutherland Asset Management Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $17.
Bluerock Residential Growth (BRG)
B.Riley FBR analyst Craig Kucera maintained a Buy rating on Bluerock Residential Growth yesterday and set a price target of $11.50. The company’s shares opened today at $9.42.
Kucera wrote:
“We are maintaining our Buy rating and our $11.50 price target on REIT, Inc. (BRG) but reducing our earnings estimates, given lower-than-expected operating margins post 2Q18 results, in which NOI margins compressed 20 bps sequentially to 54.4% and were 100 bps short of our forecast. Our 2018E AFFO is declining from $0.79 to $0.72 and our 2019 is falling from $0.94 to $0.84, as we now assume flat margins in 2018 and 100 bps of improvement in 2019 (vs. our prior expectation of an average 130 bps of improvement in 2018 from 1Q18 results) and an incremental 100 bps in 2019.”
According to TipRanks.com, Kucera is a 4-star analyst with an average return of 6.5% and a 67.3% success rate. Kucera covers the Financial sector, focusing on stocks such as NexPoint Residential Trust Inc, National Retail Properties, and Gladstone Commercial Corp.
Bluerock Residential Growth has an analyst consensus of Strong Buy, with a price target consensus of $11.17, a 18.6% upside from current levels. In a report issued on August 8, Boenning & Scattergood also reiterated a Buy rating on the stock with a $11 price target.
.
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.
