Compass Point

Compass Point initiated coverage on EverBank Financial (NYSE EVER) with a Neutral rating and a $15 price target. Compass Point noted, "Although management has a good track record and the company is taking the right steps to create long-term value, we believe the stock is fairly valued at 1.4x TBV...

Compass Point initiated coverage on Charles Schwab (NYSE: SCHW) with a Neutral rating and a $13.50 price target. Compass Point said, "We expect ongoing macro uncertainty to continue to weigh on interest rates, which in turn, should keep Schwab earnings (and shares) relatively muted over the next...

Compass Point initiated coverage on E*TRADE Financial Corporation (NASDAQ: ETFC) with a Neutral rating and an $8.50 price target. Compass Point noted, "The company's capital turnaround now appears to be on track after recent deleveraging has put management in position to act on its high-cost debt...

Compass Point initiated coverage on TD Ameritrade (NYSE: AMTD) with a Neutral rating and a $17 price target. Compass Point commented, "TD Ameritrade's strong organic growth and capital activity set it apart from its online broker peers, but the company's earnings remain primarily levered to...

Compass Point reduced its rating on Provident Financial Holdings (NASDAQ: PROV) from Buy to Neutral but raised its price target to $15.50. Compass Point said, "PROV reported another strong quarter in September (1Q13) with actual EPS of $0.72 exceeding our expectations of $0.36. The strong...

Compass Point upgraded Post Properties (NYSE: PPS) from Sell to Neutral and increased its price target from $42 to $46. Compass Point noted, "PPS reported a solid third quarter, recording FFO of $0.76 versus our estimate and consensus of $0.62. The company beat expectations on both core operating...

Compass Point raised its rating on Home Properties (NYSE: HME) from Sector Perform to Underperform. Compass Point commented, "In a decelerating earnings environment that will face tougher comps in 2013, HME should be insulated from pressure on rental rates from both new supply and single-family...

Compass Point raised its rating on Cardtronics (NASDAQ: CATM) from Neutral to Buy with a reiterated $30 price target. Compass Point said, "Last week the company released 3Q'12 earnings. Commentary regarding earnings guidance for next year was below consensus. In order to reach next year's...

Compass Point raised its rating on American Capital Mortgage (NASDAQ: MTGE) from Neutral to Buy with a higher $27 price target. Compass Point said, "MTGE announced the strongest quarter since the Company's IPO in terms of shareholder value creation. During the quarter, MTGE generated an...

Compass Point reiterated its view on Agree Realty Corporation (NYSE: ADC) as it maintained its Buy rating and $31 price target. Compass Point commented, "We are increasing estimates slightly to account for the core operations beat in 3Q12. As accretive acquisitions become...

Compass Point raised its rating on Coinstar (NASDAQ: CSTR) from Neutral to Buy with a $50 price target. Compass Point commented, "Following 3Q'12 earnings results, we are upgrading our rating from Neutral to Buy. … We acknowledge that the physical DVD disc may become technologically obsolete...

Compass Point raised its rating on Wynn Resorts (NASDAQ: WYNN) from Sell to Neutral and increased its price target to $10. Compass Point commented, "Despite the in-line results, we are upgrading our rating to Neutral due to better than expected trends in Las Vegas. Further, while we continue to...

Compass Point initiated coverage on Terreno Realty (NYSE: TRNO) with a Buy rating and a $17 price target. Compass Point noted, "We are initiating coverage of TRNO with a Buy rating and $17.00 price target, which combined with the $0.48 annualized dividend represents 14% upside. We see material...

Compass Point raised its rating on Capstead Mortgage (NYSE: CMO) from Neutral to Buy with a reiterated $14 price target. Compass Point said, "At current valuations, … we believe investors will refocus attention on discounted mortgage REITs that have the potential to increase shareholder value...

Compass Point raised its rating on Annaly Capital Management (NYSE: NLY) with a Buy rating and a $17 price target. Compass Point noted, "Three things have led us to change our opinion on the shares of NLY. First, yesterday's $1.5B share repurchase program is a smart allocation of capital given...