Analysts Offer Insights on Financial Companies: Victory Capital Holdings Inc (NASDAQ: VCTR), UMH Properties (NYSE: UMH) and Mogo Finance Technology Inc (NASDAQ: MOGO)

By Austin Angelo

There’s a lot to be optimistic about in the Financial sector as 3 analysts just weighed in on Victory Capital Holdings Inc (VCTRResearch Report), UMH Properties (UMHResearch Report) and Mogo Finance Technology Inc (MOGOResearch Report) with bullish sentiments.

Victory Capital Holdings Inc (VCTR)

B.Riley FBR analyst Randy Binner reiterated a Buy rating on Victory Capital Holdings Inc today and set a price target of $24. The company’s shares closed last Monday at $17.29.

Binner said:

“Victory Capital Holdings (VCTR—Buy, $24 PT) reported 2Q19 operating EPS of $0.38 versus the B. Riley FBR/consensus estimates of $0.42/$0.39. This result’s main miss versus our model was on lower-than-expected fees as a % of AUM. However, flows turned positive, helped by a ~$3B mandate in VCTR’s solutions segment. Total AUM was $64.1B with total net flows of $3.7B with a July 31, 2019 AUM update including USAA assets of $147.8B. Although a top- line miss, adjusted EBITDA margin was roughly in line with our estimate. VCTR also announced the introduction of a quarterly dividend of $0.05 starting in 3Q19. The main focus now for investors is on the integration of the USAA acquisition.”

According to TipRanks.com, Binner is a 5-star analyst with an average return of 12.0% and a 61.9% success rate. Binner covers the Financial sector, focusing on stocks such as Colony Credit Real Estate Inc, Health Insurance Innovations, and National General Holdings.

Victory Capital Holdings Inc has an analyst consensus of Moderate Buy, with a price target consensus of $21.25.

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UMH Properties (UMH)

In a report released today, Craig Kucera from B.Riley FBR maintained a Buy rating on UMH Properties, with a price target of $15. The company’s shares closed last Monday at $12.39.

Kucera wrote:

“We are lowering our earnings estimates on Buy-rated UMH Properties (UMH), post-2Q19 results, which were $0.02 light of our forecast, as selling expenses on manufactured homes were ahead of expectations, given an expansion of home sales centers and SS occupancy missed our forecast. As such, our 2019 NFFO is declining, from $0.68 to $0.66, and our 2020 NFFO is declining, from $0.78 to $0.76. While our estimates are declining, SS NOI growth remains elevated (+4%): UMH is pursuing a longer-term, value-creation strategy by increasing its investment in its existing communities, adding a number of new developed sites (estimated at 170 in 2019 and 645 in 2020), though near-term dilution from a $100M 2Q19 preferred equity raise remains.”

According to TipRanks.com, Kucera is a 4-star analyst with an average return of 5.9% and a 66.3% success rate. Kucera covers the Financial sector, focusing on stocks such as Monmouth Real Estate Investment, NexPoint Residential Trust Inc, and Consolidated-Tomoka Land Co.

UMH Properties has an analyst consensus of Strong Buy, with a price target consensus of $17.17.

Mogo Finance Technology Inc (MOGO)

In a report released today, Scott Buck from B.Riley FBR maintained a Buy rating on Mogo Finance Technology Inc, with a price target of $7. The company’s shares closed last Monday at $2.57.

Buck observed:

“Buy-rated Mogo Inc. (MOGO) is scheduled to report 2Q19 operating results on the market close and will hold its conference call at 5:00pm ET; Dial-in: While we do not expect any material surprises in 2Q19 results, management should provide an update on the current partnership and new product pipeline, which could potentially move MOGO shares. The previous guide had suggested multiple announcements by year end. Each incremental partnership and new product addition should help drive membership growth and improve member monetization. We are currently modeling membership growth of 52,500 in the quarter, largely consistent with the past several quarters.”

According to TipRanks.com, Buck is ranked #4965 out of 5234 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mogo Finance Technology Inc with a $7 average price target.

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