B. Riley set a $25.00 price target on Jernigan Capital (NYSE:JCAP) in a research report sent to investors on Friday. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on JCAP. Zacks Investment Research downgraded shares of Jernigan Capital from a buy rating to a hold rating in a research report on Friday, October 20th. BidaskClub upgraded shares of Jernigan Capital from a hold rating to a buy rating in a research report on Monday, October 23rd. KeyCorp assumed coverage on shares of Jernigan Capital in a research report on Thursday, October 19th. They set an overweight rating and a $24.00 target price on the stock. FBR & Co set a $25.00 target price on shares of Jernigan Capital and gave the company a buy rating in a research report on Friday, October 13th. Finally, ValuEngine downgraded shares of Jernigan Capital from a buy rating to a hold rating in a research report on Thursday, November 30th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Jernigan Capital has a consensus rating of Buy and an average price target of $24.17.

Jernigan Capital (NYSE JCAP) opened at $19.01 on Friday. Jernigan Capital has a 1 year low of $18.55 and a 1 year high of $24.89. The stock has a market cap of $271.31, a price-to-earnings ratio of 13.02 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.40 dividend on an annualized basis and a yield of 7.36%. Jernigan Capital’s dividend payout ratio (DPR) is presently 95.89%.

In other Jernigan Capital news, Director James D. Dondero sold 48,900 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $20.21, for a total transaction of $988,269.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James D. Dondero sold 23,000 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $19.27, for a total transaction of $443,210.00. The disclosure for this sale can be found here. Insiders own 3.18% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. bought a new stake in Jernigan Capital during the 2nd quarter valued at $102,000. Nationwide Fund Advisors bought a new stake in shares of Jernigan Capital in the 2nd quarter worth $119,000. The Manufacturers Life Insurance Company bought a new stake in shares of Jernigan Capital in the 2nd quarter worth $175,000. American International Group Inc. grew its stake in shares of Jernigan Capital by 51.2% in the 3rd quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 2,943 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Jernigan Capital by 2,347.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,763 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 8,405 shares in the last quarter. Institutional investors and hedge funds own 69.59% 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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