Jernigan Capital (JCAP) Given a $25.00 Price Target at B. Riley
A number of other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Jernigan Capital from a hold rating to a sell rating in a report on Tuesday, January 16th. ValuEngine upgraded shares of Jernigan Capital from a hold rating to a buy rating in a report on Monday, November 6th. Robert W. Baird restated a buy rating on shares of Jernigan Capital in a report on Friday, November 3rd. TheStreet cut shares of Jernigan Capital from a b- rating to a c rating in a report on Friday, November 10th. Finally, BidaskClub upgraded shares of Jernigan Capital from a sell rating to a hold rating in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $23.67.
Jernigan Capital (NYSE:JCAP) remained flat at $$17.21 during mid-day trading on Thursday. 17,972 shares of the stock were exchanged, compared to its average volume of 140,966. Jernigan Capital has a 1 year low of $15.90 and a 1 year high of $24.89. The company has a market capitalization of $248.36, a P/E ratio of 15.23 and a beta of 0.69.
In related news, Director James D. Dondero sold 23,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $19.27, for a total value of $443,210.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.18% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. bought a new position in Jernigan Capital during the second quarter worth about $348,000. Teachers Advisors LLC bought a new position in Jernigan Capital during the second quarter worth about $383,000. TIAA CREF Investment Management LLC bought a new position in Jernigan Capital during the second quarter worth about $537,000. Nationwide Fund Advisors bought a new position in Jernigan Capital during the second quarter worth about $119,000. Finally, New York State Common Retirement Fund bought a new position in Jernigan Capital during the second quarter worth about $218,000. Institutional investors and hedge funds own 72.90% of the company’s stock.
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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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