Jernigan Capital, Inc. (JCAP) Given a $25.00 Price Target by FBR & Co Analysts
Jernigan Capital, Inc. (NYSE:JCAP) has been given a $25.00 price target by analysts at FBR & Co in a research note issued on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. FBR & Co’s price target would indicate a potential upside of 18.76% from the company’s previous close.
Several other equities analysts also recently commented on the stock. BidaskClub downgraded shares of Jernigan Capital from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. ValuEngine downgraded shares of Jernigan Capital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet downgraded shares of Jernigan Capital from a “b” rating to a “c” rating in a report on Monday, August 21st. Zacks Investment Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $22.00 price target (down from $23.00) on shares of Jernigan Capital in a report on Tuesday, September 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Jernigan Capital presently has a consensus rating of “Buy” and an average price target of $24.33.
Shares of Jernigan Capital (NYSE JCAP) opened at 21.05 on Friday. The company has a market capitalization of $295.44 million, a PE ratio of 11.28 and a beta of 0.89. Jernigan Capital has a 1-year low of $17.01 and a 1-year high of $23.18. The company has a 50 day moving average price of $20.32 and a 200 day moving average price of $20.32.
Jernigan Capital (NYSE:JCAP) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.12. The firm had revenue of $3.10 million for the quarter, compared to analysts’ expectations of $2.53 million. Jernigan Capital had a net margin of 185.96% and a return on equity of 9.37%. The business’s revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.99 EPS. Equities analysts predict that Jernigan Capital will post $1.59 EPS for the current fiscal year.
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In related news, Director Howard A. Silver bought 2,481 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $20.15 per share, for a total transaction of $49,992.15. Following the purchase, the director now directly owns 15,704 shares of the company’s stock, valued at $316,435.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John A. Good bought 5,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was bought at an average price of $21.65 per share, for a total transaction of $108,250.00. Following the completion of the purchase, the insider now directly owns 217,308 shares in the company, valued at $4,704,718.20. The disclosure for this purchase can be found here. Insiders acquired a total of 10,600 shares of company stock worth $222,416 over the last 90 days. Insiders own 3.18% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Morgan Stanley grew its stake in Jernigan Capital by 71.9% in the 1st quarter. Morgan Stanley now owns 80,475 shares of the real estate investment trust’s stock worth $1,854,000 after acquiring an additional 33,669 shares in the last quarter. Uniplan Investment Counsel Inc. grew its stake in Jernigan Capital by 212.5% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 543,540 shares of the real estate investment trust’s stock worth $11,414,000 after acquiring an additional 369,588 shares in the last quarter. Monarch Partners Asset Management LLC grew its stake in Jernigan Capital by 84.5% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 23,970 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 10,980 shares in the last quarter. Ranger Global Real Estate Advisors LLC bought a new position in Jernigan Capital in the 1st quarter worth about $3,722,000. Finally, KRV Capital LP bought a new position in Jernigan Capital in the 2nd quarter worth about $3,516,000. 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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