Jernigan Capital (NASDAQ:JCAP) Shares Gap Up on Analyst Upgrade

Jernigan Capital, Inc. (NASDAQ:JCAP) shares gapped up prior to trading on Friday after Citizens Jmp raised their price target on the stock from $26.00 to $28.00. The stock had previously closed at $21.61, but opened at $23.05. Citizens Jmp currently has a market outperform rating on the stock. Jernigan Capital shares last traded at $23.58, with a volume of 238,307 shares trading hands.

A number of other analysts have also weighed in on the stock. Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings cut Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund bought a new stake in Jernigan Capital during the 4th quarter valued at about $34,000. Police & Firemen s Retirement System of New Jersey grew its stake in Jernigan Capital by 133.1% in the 4th 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 in the last quarter. Assetmark Inc. grew its stake in Jernigan Capital by 100.8% in the 1st 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 in the last quarter. Quarry LP purchased a new position in shares of Jernigan Capital during the third quarter worth approximately $38,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Jernigan Capital during the third quarter worth approximately $60,000.

Jernigan Capital Stock Up 8.7%

The company’s 50 day moving average price is $18.86 and its two-hundred day moving average price is $19.58. The stock has a market cap of $1.45 billion, a P/E ratio of 9.07 and a beta of -0.16.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings data 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%. As a group, equities research analysts forecast that Jernigan Capital, Inc. will post 2.53 earnings per share for the current year.

About Jernigan Capital

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.