Citizens Jmp Increases Jernigan Capital (NASDAQ:JCAP) Price Target to $28.00

Jernigan Capital (NASDAQ:JCAP) had its price target upped by equities researchers at Citizens Jmp from $26.00 to $28.00 in a research 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 target price would indicate a potential upside of 29.57% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Weiss Ratings downgraded Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Jernigan Capital has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Jernigan Capital Stock Up 2.4%

Shares of JCAP stock opened at $21.61 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 8.34 and a beta of -0.16. Jernigan Capital has a twelve month low of $15.50 and a twelve month high of $23.80. The stock’s fifty day simple moving average is $18.86 and its 200 day simple moving average is $19.58.

Jernigan Capital (NASDAQ:JCAP) last posted its earnings results on Thursday, July 30th. The real estate investment trust reported $0.77 EPS for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%. As a group, equities research analysts expect that Jernigan Capital will post 2.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JCAP. New York State Common Retirement Fund bought a new stake in shares of Jernigan Capital in the 4th quarter valued at about $34,000. Quarry LP bought a new position in shares of Jernigan Capital during the third quarter worth about $38,000. BNP Paribas Financial Markets bought a new position in shares of Jernigan Capital during the third quarter worth about $60,000. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Jernigan Capital by 133.1% in 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 during the period. Finally, Assetmark Inc. lifted its stake in shares of Jernigan Capital by 100.8% in the first quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 2,044 shares during the period.

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.