B. Riley set a $26.00 price target on Jernigan Capital (NYSE:JCAP) in a research note released on Friday morning. The firm currently has a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for Jernigan Capital’s Q1 2018 earnings at ($0.03) EPS, Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $1.33 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $2.55 EPS, Q1 2019 earnings at $0.82 EPS, Q2 2019 earnings at $0.83 EPS, Q3 2019 earnings at $0.79 EPS, Q4 2019 earnings at $0.80 EPS and FY2019 earnings at $3.24 EPS.
A number of other analysts also recently issued reports on JCAP. Zacks Investment Research downgraded Jernigan Capital from a strong-buy rating to a hold rating in a research report on Wednesday, March 7th. KeyCorp set a $22.00 target price on Jernigan Capital and gave the company a buy rating in a research report on Tuesday, March 6th. ValuEngine downgraded Jernigan Capital from a buy rating to a hold rating in a research report on Thursday, November 30th. Finally, TheStreet downgraded Jernigan Capital from a b- rating to a c rating in a research report on Friday, November 10th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Jernigan Capital presently has a consensus rating of Buy and a consensus price target of $23.50.
Shares of Jernigan Capital (JCAP) opened at $18.06 on Friday. The stock has a market capitalization of $260.62, a PE ratio of 16.13 and a beta of 0.69. Jernigan Capital has a 12-month low of $15.90 and a 12-month high of $24.89.
In related news, Director James D. Dondero sold 23,000 shares of Jernigan Capital stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $19.27, for a total value of $443,210.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.18% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in JCAP. Teachers Advisors LLC acquired a new position in Jernigan Capital during the second quarter worth approximately $383,000. TIAA CREF Investment Management LLC acquired a new position in Jernigan Capital during the second quarter worth approximately $537,000. Nationwide Fund Advisors acquired a new position in Jernigan Capital during the second quarter worth approximately $119,000. New York State Common Retirement Fund acquired a new position in Jernigan Capital during the second quarter worth approximately $218,000. Finally, Northern Trust Corp increased its position in Jernigan Capital by 405.3% during the second quarter. Northern Trust Corp now owns 107,625 shares of the real estate investment trust’s stock worth $2,368,000 after buying an additional 86,324 shares during the last quarter. 72.90% of the stock is currently owned by hedge funds and other institutional investors.
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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