Jernigan Capital (NYSE:JCAP) has been assigned a $25.00 price objective by research analysts at B. Riley in a research note issued to investors on Friday. The firm presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price suggests a potential upside of 45.43% from the stock’s previous close. B. Riley also issued estimates for Jernigan Capital’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $2.96 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.51 EPS.
Other research analysts have also issued 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 price target on the stock in a research note on Monday, October 23rd. BidaskClub raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. ValuEngine raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Robert W. Baird reaffirmed a “buy” rating on shares of Jernigan Capital in a research note on Friday, November 3rd. Finally, FBR & Co set a $25.00 price target on shares of Jernigan Capital and gave the company a “buy” rating in a research note on Friday, October 13th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.17.
Shares of Jernigan Capital (JCAP) traded up $0.40 during trading on Friday, reaching $17.19. 10,555 shares of the company were exchanged, compared to its average volume of 157,331. The stock has a market cap of $239.06 and a price-to-earnings ratio of 11.81. Jernigan Capital has a 1 year low of $15.90 and a 1 year high of $24.89.
In other Jernigan Capital news, Director James D. Dondero sold 48,900 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.21, for a total value of $988,269.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James D. Dondero sold 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $19.27, for a total transaction of $443,210.00. The disclosure for this sale can be found here. Company insiders own 3.18% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in JCAP. Chicago Equity Partners LLC purchased a new position in shares of Jernigan Capital during the third quarter valued at approximately $4,245,000. LSV Asset Management increased its holdings in Jernigan Capital by 25.4% in the 4th quarter. LSV Asset Management now owns 756,265 shares of the real estate investment trust’s stock valued at $14,376,000 after buying an additional 153,387 shares during the period. Vanguard Group Inc. increased its holdings in Jernigan Capital by 42.2% in the 2nd quarter. Vanguard Group Inc. now owns 449,406 shares of the real estate investment trust’s stock valued at $9,887,000 after buying an additional 133,432 shares during the period. Wells Fargo & Company MN increased its holdings in Jernigan Capital by 2,282,420.0% in the 3rd quarter. Wells Fargo & Company MN now owns 114,126 shares of the real estate investment trust’s stock valued at $2,345,000 after buying an additional 114,121 shares during the period. Finally, State Street Corp bought a new stake in Jernigan Capital in the 2nd quarter valued at $2,392,000. 69.39% of the stock is currently owned by hedge funds and other institutional investors.
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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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