Jernigan Capital Inc (NYSE:JCAP) – Equities research analysts at B. Riley boosted their Q2 2018 EPS estimates for Jernigan Capital in a note issued to investors on Monday. B. Riley analyst D. Corak now expects that the real estate investment trust will post earnings of $0.95 per share for the quarter, up from their prior estimate of $0.88. B. Riley has a “Buy” rating and a $25.00 price target on the stock. B. Riley also issued estimates for Jernigan Capital’s Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.56 EPS.

A number of other equities research analysts also recently weighed in on the company. Zacks Investment Research upgraded Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, October 23rd. BidaskClub upgraded Jernigan Capital from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. FBR & Co set a $25.00 target price on Jernigan Capital and gave the stock a “buy” rating in a report on Friday, October 13th. TheStreet downgraded Jernigan Capital from a “b-” rating to a “c” rating in a report on Friday, November 10th. Finally, ValuEngine upgraded Jernigan Capital from a “hold” rating to a “buy” rating in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Jernigan Capital currently has a consensus rating of “Hold” and a consensus price target of $24.17.

Jernigan Capital (NYSE JCAP) opened at $16.30 on Tuesday. Jernigan Capital has a 1 year low of $16.15 and a 1 year high of $24.89. The stock has a market capitalization of $242.48, a PE ratio of 11.48 and a beta of 0.66.

Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. acquired a new stake in Jernigan Capital in the second quarter valued at approximately $102,000. Nationwide Fund Advisors acquired a new stake in Jernigan Capital in the second quarter valued at approximately $119,000. The Manufacturers Life Insurance Company acquired a new stake in Jernigan Capital in the second quarter valued at approximately $175,000. US Bancorp DE grew its stake in Jernigan Capital by 99.9% in the fourth quarter. US Bancorp DE now owns 9,343 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 4,669 shares during the period. Finally, American International Group Inc. grew its stake in Jernigan Capital by 51.2% in the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock valued at $179,000 after acquiring an additional 2,943 shares during the period. 69.39% of the stock is owned by hedge funds and other institutional investors.

In other Jernigan Capital news, Director James D. Dondero sold 48,900 shares of Jernigan Capital stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $20.21, for a total value of $988,269.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Dondero sold 23,000 shares of Jernigan Capital stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $19.27, for a total value of $443,210.00. The disclosure for this sale can be found here. Insiders own 3.18% of the company’s stock.

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About Jernigan Capital

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.

Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

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