Raymond James Financial Raises Jernigan Capital (NASDAQ:JCAP) Price Target to $24.00

Jernigan Capital (NASDAQ:JCAP) had its price objective hoisted by investment analysts at Raymond James Financial from $21.00 to $24.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James Financial’s price target suggests a potential upside of 1.05% from the company’s current price.

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. Citizens Jmp boosted their price target on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.50.

Jernigan Capital Price Performance

Shares of NASDAQ JCAP traded up $2.14 during trading on Friday, hitting $23.75. 818,032 shares of the company were exchanged, compared to its average volume of 343,263. Jernigan Capital has a 1 year low of $15.50 and a 1 year high of $24.12. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 9.17 and a beta of -0.16. The firm’s fifty day moving average price is $18.86 and its 200 day moving average price is $19.58.

Jernigan Capital (NASDAQ:JCAP) last released its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.77 EPS for the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. On average, research analysts forecast that Jernigan Capital will post 2.53 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. New York State Common Retirement Fund bought a new position in shares of Jernigan Capital during the 4th quarter valued at $34,000. Quarry LP bought a new position in Jernigan Capital in the 3rd quarter worth approximately $38,000. Police & Firemen s Retirement System of New Jersey increased its position in 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 purchasing an additional 1,921 shares during the period. BNP Paribas Financial Markets acquired a new position in Jernigan Capital during the 3rd quarter valued at about $60,000. Finally, Assetmark Inc. boosted its stake in shares of Jernigan Capital by 100.8% in the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 2,044 shares during the last quarter.

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.