B. Riley Analysts Give Jernigan Capital (JCAP) a $25.00 Price Target

Jernigan Capital (NYSE:JCAP) has been given a $25.00 price target by equities researchers at B. Riley in a research report issued on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 46.03% from the stock’s previous close. B. Riley also issued estimates for Jernigan Capital’s Q4 2017 earnings at $0.13 EPS, FY2017 earnings at $1.02 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.95 EPS, Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $0.27 EPS, FY2018 earnings at $2.96 EPS, Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.59 EPS, Q4 2019 earnings at $0.56 EPS and FY2019 earnings at $2.51 EPS.

JCAP has been the subject of several other reports. BidaskClub upgraded Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Thursday. ValuEngine cut Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. KeyCorp assumed coverage on Jernigan Capital in a research note on Thursday, October 19th. They set an “overweight” rating and a $24.00 target price for the company. Finally, TheStreet cut Jernigan Capital from a “b-” rating to a “c” rating in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Jernigan Capital has an average rating of “Buy” and an average price target of $24.17.

Shares of Jernigan Capital (NYSE:JCAP) traded up $0.33 during mid-day trading on Friday, hitting $17.12. The company had a trading volume of 184,780 shares, compared to its average volume of 144,886. The company has a market capitalization of $239.63, a PE ratio of 11.73 and a beta of 0.66. Jernigan Capital has a fifty-two week low of $15.90 and a fifty-two week high of $24.89.

In other Jernigan Capital news, Director James D. Dondero sold 48,900 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.21, for a total transaction of $988,269.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Dondero sold 23,000 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $19.27, for a total value of $443,210.00. The disclosure for this sale can be found here. 3.18% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in JCAP. Chicago Equity Partners LLC acquired a new position in shares of Jernigan Capital during the third quarter worth $4,245,000. LSV Asset Management increased its holdings in shares of Jernigan Capital by 25.4% during the fourth quarter. LSV Asset Management now owns 756,265 shares of the real estate investment trust’s stock worth $14,376,000 after buying an additional 153,387 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Jernigan Capital by 42.2% during the second quarter. Vanguard Group Inc. now owns 449,406 shares of the real estate investment trust’s stock worth $9,887,000 after buying an additional 133,432 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Jernigan Capital by 2,282,420.0% during the third quarter. Wells Fargo & Company MN now owns 114,126 shares of the real estate investment trust’s stock worth $2,345,000 after buying an additional 114,121 shares in the last quarter. Finally, State Street Corp acquired a new position in shares of Jernigan Capital during the second quarter worth $2,392,000. Institutional investors own 69.39% 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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