Companies in the NA sector have received a lot of coverage today as analysts weigh in on Arbor Realty (ABR – Research Report), Independence Realty (IRT – Research Report) and SITE Centers (SITC – Research Report).
Arbor Realty (ABR)
In a report released yesterday, Richard Shane from J.P. Morgan maintained a Sell rating on Arbor Realty, with a price target of $12.50. The company’s shares closed last Monday at $12.45.
According to TipRanks.com, Shane is a 5-star analyst with an average return of
Arbor Realty has an analyst consensus of Hold, with a price target consensus of $15.75.
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Independence Realty (IRT)
Compass Point analyst Merrill Ross maintained a Buy rating on Independence Realty today and set a price target of $25.00. The company’s shares closed last Monday at $12.09, close to its 52-week low of $12.05.
According to TipRanks.com, Ross is a 4-star analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Independence Realty with a $22.00 average price target, implying a 77.7% upside from current levels. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $21.00 price target.
SITE Centers (SITC)
In a report released today, Floris van Dijkum from Compass Point downgraded SITE Centers to Hold, with a price target of $14.50. The company’s shares closed last Monday at $11.26, close to its 52-week low of $11.04.
According to TipRanks.com, Dijkum is a 3-star analyst with an average return of
Currently, the analyst consensus on SITE Centers is a Moderate Buy with an average price target of $14.90, which is a 32.7% upside from current levels. In a report released yesterday, BTIG also maintained a Hold rating on the stock.
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Read More on ABR:
- Arbor Realty Trust Reports Third Quarter 2023 Results and Declares Dividend of $0.43 per Share
- Arbor Realty reports Q3 distributable EPS 55c, consensus 45c
- Options Volatility and Implied Earnings Moves Today, October 27, 2023
- Arbor Realty put volume heavy and directionally bearish
- ‘Stay Cautious,’ Says Billionaire Leon Cooperman About the Stock Market — Here Are 2 High-Yield Dividend Stocks He’s Using for Protection
