Analysts Offer Insights on Financial Companies: Preferred Apartment Communities (NYSEArca: APTS) and James River Group (NASDAQ: JRVR)

By Jason Carr

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Preferred Apartment Communities (NYSEArca: APTS) and James River Group (NASDAQ: JRVR).

Preferred Apartment Communities (NYSEArca: APTS)

FBR Capital analyst David Corak reiterated a Hold rating on Preferred Apartment Communities (NYSEArca: APTS) yesterday and set a price target of $15. The company’s shares opened today at $15.54, close to its 52-week high of $15.96.

Corak said:

“Preferred Apartment Communities continues down the path of growth. After roughly $138 million of acquisitions in 1Q, the company has closed on a loan investment, acquired a 242-unit multifamily community, and acquired an 80,018-square-foot grocery-anchored shopping center subsequent to quarter-end. Likewise, the company continues to opportunistically harvest gains from strategic asset dispositions.”

According to TipRanks.com, Corak is a 2-star analyst with an average return of 0.3% and a 34.4% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Consolidated-Tomoka Land Co, and Bluerock Residential Growth.

Preferred Apartment Communities has an analyst consensus of Moderate Buy, with a price target consensus of $16.

James River Group (NASDAQ: JRVR)

FBR Capital analyst Randy Binner reiterated a Buy rating on James River Group (NASDAQ: JRVR) today. The company’s shares opened today at $39.15.

According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.6% and a 72.8% success rate. Binner covers the Financial sector, focusing on stocks such as American Equity Investment Life, American International Group, and State National Companies Inc.

James River Group has an analyst consensus of Moderate Buy, with a price target consensus of $48.

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