Jernigan Capital, Inc. (NYSE:JCAP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. The brokerage currently has a $24.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.46% from the stock’s previous close.

According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “

Several other analysts also recently issued reports on the company. BidaskClub downgraded Jernigan Capital from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $26.00 price target (up previously from $25.00) on shares of Jernigan Capital in a report on Wednesday, June 28th. ValuEngine downgraded Jernigan Capital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet downgraded Jernigan Capital from a “b” rating to a “c” rating in a report on Monday, August 21st. Finally, FBR & Co reissued a “buy” rating and issued a $25.00 price target on shares of Jernigan Capital in a report on Thursday, September 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Jernigan Capital currently has a consensus rating of “Buy” and an average price target of $24.20.

Jernigan Capital (NYSE JCAP) traded down 1.20% on Monday, reaching $21.34. The company’s stock had a trading volume of 86,461 shares. The company has a market capitalization of $299.51 million, a price-to-earnings ratio of 11.44 and a beta of 0.89. Jernigan Capital has a 52 week low of $17.01 and a 52 week high of $24.89. The firm’s 50 day moving average price is $20.44 and its 200-day moving average price is $21.55.

Jernigan Capital (NYSE:JCAP) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.12. The business had revenue of $3.10 million for the quarter, compared to the consensus estimate 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 was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.99 EPS. On average, equities analysts predict that Jernigan Capital will post $1.59 EPS for the current year.

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In other Jernigan Capital news, Director Howard A. Silver bought 2,481 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $20.15 per share, for a total transaction of $49,992.15. Following the transaction, the director now directly owns 15,704 shares in the company, valued at $316,435.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Harry J. Thie bought 1,650 shares of the stock in a transaction that occurred on Thursday, August 10th. The stock was acquired at an average price of $21.25 per share, for a total transaction of $35,062.50. Following the completion of the transaction, the director now owns 17,223 shares in the company, valued at $365,988.75. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 10,600 shares of company stock worth $222,416. 3.18% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. D.A. Davidson & CO. acquired a new stake in Jernigan Capital in the 2nd quarter valued at approximately $102,000. Nationwide Fund Advisors acquired a new stake in Jernigan Capital in the 2nd quarter valued at approximately $119,000. UBS Group AG increased its position in Jernigan Capital by 226.1% in the 1st quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock valued at $160,000 after acquiring an additional 4,830 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in Jernigan Capital in the 2nd quarter valued at approximately $175,000. Finally, Tower Research Capital LLC TRC increased its position in Jernigan Capital by 1,579.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,458 shares of the real estate investment trust’s stock valued at $208,000 after acquiring an additional 8,895 shares during the period. Hedge funds and other institutional investors own 60.64% of the company’s stock.

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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