Jernigan Capital (NASDAQ:JCAP) Given New $30.00 Price Target at Truist Financial

Jernigan Capital (NASDAQ:JCAP) had its price objective upped by research analysts at Truist Financial from $26.00 to $30.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price suggests a potential upside of 26.32% from the company’s current price.

Other research analysts have also issued reports about the stock. Raymond James Financial raised their target price on shares of Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday. Citizens Jmp raised their target price on Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Friday. Weiss Ratings cut Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Finally, Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.50.

Jernigan Capital Stock Performance

Shares of NASDAQ:JCAP traded up $2.14 during trading hours on Friday, hitting $23.75. 818,032 shares of the company’s stock traded hands, compared to its average volume of 343,263. The company’s fifty day simple moving average is $18.86 and its two-hundred day simple moving average is $19.58. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 9.17 and a beta of -0.16. Jernigan Capital has a 52 week low of $15.50 and a 52 week high of $24.12.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%. On average, analysts anticipate that Jernigan Capital will post 2.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Jernigan Capital

Several institutional investors have recently made changes to their positions in the stock. New York State Common Retirement Fund purchased a new position in Jernigan Capital in the 4th quarter worth approximately $34,000. Quarry LP bought a new position in Jernigan Capital in the third quarter worth $38,000. BNP Paribas Financial Markets bought a new stake in shares of Jernigan Capital during the 3rd quarter valued at $60,000. Police & Firemen s Retirement System of New Jersey boosted 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 acquiring an additional 1,921 shares in the last quarter. Finally, Assetmark Inc. increased its stake 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 valued at $78,000 after purchasing an additional 2,044 shares in the last quarter.

About Jernigan Capital

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.