Jernigan Capital, Inc. (JCAP) Earns Buy Rating from Robert W. Baird
Jernigan Capital, Inc. (NYSE:JCAP)‘s stock had its “buy” rating reissued by stock analysts at Robert W. Baird in a note issued to investors on Friday.
JCAP has been the subject of a number of other research reports. BidaskClub raised Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research cut Jernigan Capital from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. KeyCorp began coverage on Jernigan Capital in a research report on Thursday, October 19th. They set an “overweight” rating and a $24.00 target price for the company. Finally, FBR & Co reaffirmed a “buy” rating and set a $25.00 target price on shares of Jernigan Capital in a research report on Thursday, September 14th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $24.20.
Shares of Jernigan Capital (NYSE JCAP) traded down $0.44 during trading hours on Friday, hitting $20.12. 87,605 shares of the company were exchanged, compared to its average volume of 133,706. The firm has a market cap of $280.35 million, a P/E ratio of 13.30 and a beta of 0.87. The company has a quick ratio of 44.83, a current ratio of 44.83 and a debt-to-equity ratio of 0.08.
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, topping analysts’ consensus estimates of $0.38 by $0.12. The firm had revenue of $3.10 million during the quarter, compared to analysts’ expectations of $2.53 million. Jernigan Capital had a return on equity of 8.13% and a net margin of 151.13%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. equities analysts predict that Jernigan Capital will post 1.61 earnings per share for the current year.
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In other Jernigan Capital news, insider John A. Good purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was bought at an average cost of $21.65 per share, for a total transaction of $108,250.00. Following the completion of the acquisition, the insider now directly owns 217,308 shares in the company, valued at $4,704,718.20. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Harry J. Thie purchased 1,650 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $21.25 per share, with a total value of $35,062.50. Following the completion of the acquisition, the director now owns 17,223 shares of the company’s stock, valued at $365,988.75. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 10,600 shares of company stock valued at $222,416. Corporate insiders own 3.18% of the company’s stock.
Several hedge funds have recently modified their holdings of JCAP. D.A. Davidson & CO. acquired a new position in shares of Jernigan Capital in the second quarter valued at $102,000. Nationwide Fund Advisors acquired a new position in shares of Jernigan Capital in the second quarter valued at $119,000. UBS Group AG raised its stake in shares of Jernigan Capital by 226.1% in the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 4,830 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Jernigan Capital in the second quarter valued at $175,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Jernigan Capital by 1,579.9% in the second quarter. Tower Research Capital LLC TRC now owns 9,458 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 8,895 shares in the last quarter. Institutional investors own 60.38% 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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