Jernigan Capital (NASDAQ:JCAP – Get Free Report) had its price objective upped by analysts at Citizens Jmp from $26.00 to $28.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the real estate investment trust’s stock. Citizens Jmp’s price objective would suggest a potential upside of 29.57% from the company’s current price.
JCAP has been the subject of a number of other reports. Weiss Ratings downgraded Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.
Check Out Our Latest Research Report on JCAP
Jernigan Capital Trading Up 2.4%
Jernigan Capital (NASDAQ:JCAP – Get Free Report) last issued its quarterly earnings results 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, equities research analysts forecast that Jernigan Capital will post 2.53 earnings per share for the current year.
Institutional Trading of Jernigan Capital
Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank bought a new position in Jernigan Capital in the second quarter valued at about $554,000. Sei Investments Co. bought a new position in shares of Jernigan Capital in the second quarter worth about $381,000. Jane Street Group LLC acquired a new stake in shares of Jernigan Capital in the 2nd quarter valued at approximately $1,480,000. Nantahala Capital Management LLC bought a new stake in shares of Jernigan Capital during the 2nd quarter valued at approximately $11,070,000. Finally, Adage Capital Partners GP L.L.C. bought a new stake in shares of Jernigan Capital during the 2nd quarter valued at approximately $15,277,000.
Jernigan Capital Company Profile
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.
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