Jernigan Capital (NASDAQ:JCAP) Given New $24.00 Price Target at Raymond James Financial

Jernigan Capital (NASDAQ:JCAP) had its target price raised by Raymond James Financial from $21.00 to $24.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently commented on JCAP. Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings cut Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Finally, Citizens Jmp upped their price target on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.

Jernigan Capital Trading Up 11.1%

Jernigan Capital stock opened at $24.00 on Friday. The company has a 50-day moving average price of $19.01 and a 200 day moving average price of $19.61. Jernigan Capital has a 12-month low of $15.50 and a 12-month high of $24.28. The stock has a market cap of $1.48 billion, a P/E ratio of 9.80 and a beta of -0.16.

Jernigan Capital (NASDAQ:JCAP) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.77 earnings per share for the quarter. Jernigan Capital had a net margin of 23.50% and a return on equity of 36.35%. As a group, analysts forecast that Jernigan Capital will post 2.53 EPS for the current year.

Institutional Investors Weigh In On Jernigan Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund acquired a new position in shares of Jernigan Capital in the 4th quarter worth approximately $34,000. Quarry LP acquired a new position in Jernigan Capital during the third quarter worth $38,000. Police & Firemen s Retirement System of New Jersey lifted its stake in Jernigan Capital by 133.1% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 1,921 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Jernigan Capital during the third quarter worth $60,000. Finally, Assetmark Inc. boosted its position in shares of Jernigan Capital by 100.8% during the first quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 2,044 shares during the period.

Key Jernigan Capital News

Here are the key news stories impacting Jernigan Capital this week:

• Positive Sentiment: Truist raises target and initiates Buy rating: Truist Financial increased its price target from $26 to $30 and now rates JCAP “Buy,” indicating substantial potential upside from the current trading level. Benzinga article
• Positive Sentiment: Additional analyst support: Citizens JMP lifted its price target from $26 to $28 and maintained a “Market Outperform” rating, while Raymond James raised its target from $21 to $24 and upgraded its view to “Outperform.” The broad-based revisions reinforce positive sentiment around JCAP’s outlook. Benzinga analyst coverage
• Positive Sentiment: Quarterly earnings exceeded expectations: JCAP reported second-quarter adjusted earnings of $0.77 per share, surpassing the $0.63 consensus estimate. Reported revenue was $177.54 million, with a 25.42% net margin and 38.63% return on equity. MarketBeat earnings report
• Positive Sentiment: Operating growth and dividend: Second-quarter collections increased 18% to $300.9 million, deployments rose 21% to $152.2 million, and estimated remaining collections grew 18% to $3.4 billion. The board also declared a quarterly cash dividend of $0.24 per share, supporting the stock’s income appeal. Second-quarter 2026 results
• Neutral Sentiment: Year-over-year comparison: Quarterly earnings of $0.67 per share were below the $0.81 reported in the same period last year, although results still exceeded analysts’ expectations. Zacks earnings analysis

Jernigan Capital Company Profile

Jernigan Capital is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners and operators of self-storage facilities with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.