Jernigan Capital, Inc. (JCAP) Receives Buy Rating from FBR & Co
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.
ILLEGAL ACTIVITY WARNING: “Jernigan Capital, Inc. (JCAP) Receives Buy Rating from FBR & Co” was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/09/14/jernigan-capital-inc-jcap-receives-buy-rating-from-fbr-co.html.
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.
Receive News & Ratings for Jernigan Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.