Analysts Offer Insights on Financial Companies: Apple Hospitality REIT (NYSE: APLE), BBX Capital Corporation (NYSE: BBX) and Brighthouse Financial Inc (NASDAQ: BHF)

By Austin Angelo

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Apple Hospitality REIT (NYSE: APLE), BBX Capital Corporation (NYSE: BBX) and Brighthouse Financial Inc (NASDAQ: BHF).

Apple Hospitality REIT (NYSE: APLE)

B.Riley FBR analyst Bryan Maher maintained a Hold rating on Apple Hospitality REIT (NYSE: APLE) today and set a price target of $20. The company’s shares opened today at $18.37.

Maher observed:

“Apple Hospitality REIT (APLE) posted 1Q18 results with adjusted EBITDA coming in at $100.2M, below our estimate of $101.4M and the consensus’ $100.9M. MFFO per share came in at $0.38, just below our/consensus’ estimate of $0.39. RevPAR growth came in at 0.9%, below our estimate of 2.2%, driven by ADR growth of 0.7% and occupancy growth of 0.3%. RevPAR growth was the strongest at Apple’s five upper-upscale hotels, at +3.0%, with upscale hotels posting a 0.9% RevPAR gain. (+1.4%) were Apple Hospitality’s best-performing markets from a RevPAR perspective. Offsetting this strength was the West North Central region, which saw RevPAR decline 6.6%, driven by a 590-bp decline in occupancy.”

According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.9% and a 52.3% success rate. Maher covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Senior Housing Properties Trust, and Condor Hospitality Trust Inc.

Apple Hospitality REIT has an analyst consensus of Moderate Buy, with a price target consensus of $20.

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BBX Capital Corporation (NYSE: BBX)

In a report released today, Mike Crawford from B.Riley FBR maintained a Buy rating on BBX Capital Corporation (NYSE: BBX), with a price target of $14.50. The company’s shares opened today at $9.28.

Crawford said:

“We will update our model, projections, and sum of the parts analysis after using BBX’s segment disclosures in its 10-Q to fine tune our projections regarding the company’s developing portfolio of real estate and middle market investments.”

According to TipRanks.com, Crawford is a 4-star analyst with an average return of 6.9% and a 55.0% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as CPI Aerostructures, Finjan Holdings, and Kratos Defense.

BBX Capital Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $14.50.

Brighthouse Financial Inc (NASDAQ: BHF)

In a report released yesterday, Randy Binner from B.Riley FBR reiterated a Hold rating on Brighthouse Financial Inc (NASDAQ: BHF), with a price target of $59. The company’s shares opened today at $50.26, close to its 52-week low of $46.62.

Binner wrote:

“Brighthouse Financial (BHF) reported 1Q18 operating EPS of $2.36, above the B. Riley FBR/ consensus $1.96/$2.03 estimates. The core result was $2.40, adjusting for one-time items. Net investment income (NII) was $825M on a yield of 3.94%, ahead of our $795M forecast. BHF reported capital at $2.7B above the CTE95 risk management level. Progress on this, from $2.6B last quarter, is an important metric for the company. While the 1Q18 result appears more stable than past results, we reiterate our Neutral rating and $59 PT given the elevated macro profile of the book. That said, shares now trade at 47% of BV ex-AOCI, which is $106.93 at 1Q18.”

According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.8% and a 66.2% success rate. Binner covers the Financial sector, focusing on stocks such as American International Group, Health Insurance Innovations, and National General Holdings.

Brighthouse Financial Inc has an analyst consensus of Hold, with a price target consensus of $55.67.

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