Jernigan Capital, Inc. (NYSE:JCAP)‘s stock had its “buy” rating reaffirmed by stock analysts at FBR & Co in a research note issued on Thursday. They currently have a $25.00 price objective on the real estate investment trust’s stock. FBR & Co’s price target suggests a potential upside of 28.21% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. TheStreet upgraded Jernigan Capital from a “c+” rating to a “b” rating in a research note on Monday, June 26th. BidaskClub upgraded Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Thursday, July 20th. ValuEngine cut Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Finally, Raymond James Financial, Inc. reiterated an “outperform” rating and set a $26.00 target price (up from $25.00) on shares of Jernigan Capital in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Jernigan Capital presently has a consensus rating of “Hold” and an average target price of $25.00.

Shares of Jernigan Capital (NYSE:JCAP) traded up 2.10% during trading on Thursday, hitting $19.91. 170,773 shares of the stock traded hands. The stock has a 50 day moving average price of $19.62 and a 200-day moving average price of $21.41. Jernigan Capital has a 1-year low of $16.03 and a 1-year high of $23.18. The stock has a market cap of $279.44 million, a price-to-earnings ratio of 10.67 and a beta of 0.86.

Jernigan Capital (NYSE:JCAP) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.12. The company had revenue of $3.10 million for the quarter, compared to analysts’ expectations of $2.53 million. Jernigan Capital had a return on equity of 9.37% and a net margin of 185.96%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. Equities analysts forecast that Jernigan Capital will post $1.60 EPS for the current year.

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In other news, Director Harry J. Thie acquired 1,650 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were acquired at an average cost of $21.25 per share, for a total transaction of $35,062.50. Following the purchase, the director now owns 17,223 shares of the company’s stock, valued at approximately $365,988.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Howard A. Silver acquired 2,481 shares of the stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average price of $20.15 per share, for a total transaction of $49,992.15. Following the completion of the purchase, the director now directly owns 15,704 shares in the company, valued at approximately $316,435.60. The disclosure for this purchase can be found here. Insiders purchased a total of 110,600 shares of company stock worth $2,422,416 over the last 90 days. 3.18% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in Jernigan Capital by 0.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 42,644 shares of the real estate investment trust’s stock valued at $938,000 after acquiring an additional 249 shares during the period. Bank of New York Mellon Corp raised its stake in Jernigan Capital by 3.5% in the 1st quarter. Bank of New York Mellon Corp now owns 33,448 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 1,138 shares during the period. NFC Investments LLC raised its stake in Jernigan Capital by 0.7% in the 2nd quarter. NFC Investments LLC now owns 231,604 shares of the real estate investment trust’s stock valued at $5,095,000 after acquiring an additional 1,700 shares during the period. Citadel Advisors LLC raised its stake in Jernigan Capital by 27.8% in the 1st quarter. Citadel Advisors LLC now owns 18,786 shares of the real estate investment trust’s stock valued at $433,000 after acquiring an additional 4,091 shares during the period. Finally, D.A. Davidson & CO. bought a new stake in Jernigan Capital in the 2nd quarter valued at about $102,000. Institutional investors and hedge funds own 60.64% of the company’s stock.

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.

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