Jernigan Capital (NYSE:JCAP) had its target price increased by equities researchers at KeyCorp from $20.00 to $23.00 in a research report issued to clients and investors on Friday, BenzingaRatingsTable reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price target indicates a potential upside of 15.23% from the company’s current price. KeyCorp also issued estimates for Jernigan Capital’s Q4 2019 earnings at $0.34 EPS, Q1 2020 earnings at $0.30 EPS, Q1 2021 earnings at $0.25 EPS, Q2 2021 earnings at $0.27 EPS, Q3 2021 earnings at $0.28 EPS, Q4 2021 earnings at $0.29 EPS and FY2021 earnings at $1.11 EPS.
JCAP has been the topic of a number of other research reports. B. Riley reiterated a “buy” rating and set a $26.00 target price on shares of Jernigan Capital in a report on Tuesday, December 17th. Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Thursday. TheStreet downgraded Jernigan Capital from a “b-” rating to a “c” rating in a research note on Monday, November 18th. Finally, ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Jernigan Capital has a consensus rating of “Buy” and a consensus price target of $23.33.
JCAP stock opened at $19.96 on Friday. Jernigan Capital has a fifty-two week low of $17.21 and a fifty-two week high of $22.20. The business’s 50 day moving average price is $18.80 and its two-hundred day moving average price is $19.05. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $452.35 million, a price-to-earnings ratio of 10.29 and a beta of 0.45.
In related news, Director Mark O. Decker purchased 1,500 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $19.61 per share, for a total transaction of $29,415.00. Following the purchase, the director now directly owns 23,741 shares of the company’s stock, valued at approximately $465,561.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John A. Good purchased 6,900 shares of the business’s stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $19.93 per share, for a total transaction of $137,517.00. Following the purchase, the chief executive officer now directly owns 283,046 shares in the company, valued at $5,641,106.78. The disclosure for this purchase can be found here. Insiders purchased a total of 8,900 shares of company stock worth $176,857 in the last 90 days. 1.90% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its position in Jernigan Capital by 53.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,831 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 981 shares in the last quarter. California State Teachers Retirement System lifted its position in Jernigan Capital by 3.6% in the 3rd quarter. California State Teachers Retirement System now owns 33,250 shares of the real estate investment trust’s stock valued at $640,000 after acquiring an additional 1,165 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Jernigan Capital in the 2nd quarter valued at approximately $27,000. Russell Investments Group Ltd. lifted its position in Jernigan Capital by 3.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 66,886 shares of the real estate investment trust’s stock valued at $1,289,000 after acquiring an additional 2,060 shares in the last quarter. Finally, Bogart Wealth LLC lifted its position in Jernigan Capital by 100.0% in the 3rd quarter. Bogart Wealth LLC now owns 5,000 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 2,500 shares in the last quarter. 68.20% of the stock is currently owned by institutional investors and hedge funds.
About Jernigan Capital
Jernigan Capital, Inc 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. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.
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