Citigroup Maintains Neutral Rating for Velocity Financial: Here's What You Need To Know

Citigroup has decided to maintain its Neutral rating of Velocity Financial VEL and lower its price target from $14.00 to $13.00.

Shares of Velocity Financial are trading up 0.0% over the last 24 hours, at $11.34 per share.

A move to $13.00 would account for a 14.64% increase from the current share price.

About Velocity Financial

Velocity Financial Inc is a United States-based real estate finance company. The company primarily originates and manages investor loans secured by 1-4 unit residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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