Jernigan Capital (NYSE:JCAP) has been assigned a $25.00 price objective by analysts at B. Riley in a research report issued on Tuesday. The firm presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s price objective would suggest a potential upside of 22.31% from the company’s previous close.

Several other research firms also recently issued reports on JCAP. Zacks Investment Research raised shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Tuesday, November 28th. Jefferies Group reaffirmed a “hold” rating and set a $22.00 price objective (down from $23.00) on shares of Jernigan Capital in a report on Tuesday, September 26th. Robert W. Baird reiterated a “buy” rating on shares of Jernigan Capital in a research report on Friday, November 3rd. ValuEngine upgraded shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Finally, TheStreet cut shares of Jernigan Capital from a “b” rating to a “c” rating in a research report on Monday, August 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Jernigan Capital currently has an average rating of “Buy” and a consensus target price of $24.17.

Jernigan Capital (NYSE:JCAP) traded down $0.22 on Tuesday, reaching $20.44. 138,100 shares of the company’s stock traded hands, compared to its average volume of 151,703. The stock has a market capitalization of $294.86, a P/E ratio of 13.96 and a beta of 0.85. Jernigan Capital has a fifty-two week low of $18.55 and a fifty-two week high of $24.89.

In other news, Director James D. Dondero sold 48,900 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $20.21, for a total value of $988,269.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.18% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of JCAP. D.A. Davidson & CO. acquired a new stake in shares of Jernigan Capital in the second quarter valued at about $102,000. Nationwide Fund Advisors acquired a new stake in Jernigan Capital during the second quarter worth about $119,000. UBS Group AG increased its position in Jernigan Capital by 226.1% during the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 4,830 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Jernigan Capital during the second quarter worth about $175,000. Finally, American International Group Inc. increased its position in Jernigan Capital by 51.2% during the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 2,943 shares during the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

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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.

Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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