Jernigan Capital (NASDAQ:JCAP) Given New $24.00 Price Target at Raymond James Financial

Jernigan Capital (NASDAQ:JCAP) had its price objective upped by 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 objective would indicate a potential upside of 1.05% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Zacks Research raised Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Citizens Jmp upped their price target on Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.50.

Jernigan Capital Price Performance

JCAP traded up $2.14 during trading on Friday, reaching $23.75. The company had a trading volume of 818,032 shares, compared to its average volume of 343,263. The company has a market cap of $1.46 billion, a P/E ratio of 9.17 and a beta of -0.16. Jernigan Capital has a 12 month low of $15.50 and a 12 month high of $24.12. The business’s fifty day moving average price is $18.86 and its 200 day moving average price is $19.58.

Jernigan Capital (NASDAQ:JCAP) last issued 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%. As a group, sell-side analysts predict that Jernigan Capital will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Jernigan Capital

A number of large investors have recently modified their holdings of the business. New York State Common Retirement Fund acquired a new stake in shares of Jernigan Capital in the fourth quarter valued at about $34,000. Quarry LP acquired a new position in Jernigan Capital during the third quarter valued at approximately $38,000. Police & Firemen s Retirement System of New Jersey boosted its position in Jernigan Capital by 133.1% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 1,921 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Jernigan Capital in the third quarter valued at approximately $60,000. Finally, Assetmark Inc. increased its position in shares of Jernigan Capital by 100.8% during the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 2,044 shares during the last quarter.

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.