Jernigan Capital (JCAP) PT Set at $25.00 by B. Riley
Jernigan Capital (NYSE:JCAP) has been assigned a $25.00 price target by analysts at B. Riley in a research report issued on Tuesday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price objective would indicate a potential upside of 24.81% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Monday, October 23rd. BidaskClub raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. FBR & Co set a $25.00 price target on shares of Jernigan Capital and gave the company a “buy” rating in a report on Friday, October 13th. Robert W. Baird reaffirmed a “buy” rating on shares of Jernigan Capital in a report on Friday, November 3rd. Finally, ValuEngine raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $24.17.
Shares of Jernigan Capital (NYSE:JCAP) opened at $20.03 on Tuesday. The firm has a market cap of $288.86, a PE ratio of 13.68 and a beta of 0.85. Jernigan Capital has a 1 year low of $18.55 and a 1 year high of $24.89.
In other Jernigan Capital news, Director James D. Dondero sold 48,900 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $20.21, for a total transaction of $988,269.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.18% of the company’s stock.
A number of institutional investors have recently bought and sold shares of JCAP. D.A. Davidson & CO. acquired a new position in Jernigan Capital during the 2nd quarter valued at about $102,000. Nationwide Fund Advisors bought a new stake in shares of Jernigan Capital during the 2nd quarter worth about $119,000. UBS Group AG raised its position in shares of Jernigan Capital by 226.1% during the 1st quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 4,830 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Jernigan Capital during the 2nd quarter worth about $175,000. Finally, American International Group Inc. raised its position in shares of Jernigan Capital by 51.2% during the 3rd quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 2,943 shares in the last quarter. 69.60% of the stock is owned by hedge funds and other institutional investors.
Jernigan Capital Company Profile
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
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