Jernigan Capital’s (JCAP) “Buy” Rating Reiterated at Robert W. Baird

Jernigan Capital, Inc. (NYSE:JCAP)‘s stock had its “buy” rating reiterated by stock analysts at Robert W. Baird in a report released on Friday, November 3rd.

Several other research analysts have also weighed in on the company. FBR & Co set a $25.00 price target on Jernigan Capital and gave the company a “buy” rating in a research report on Friday, October 13th. BidaskClub raised Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. ValuEngine downgraded Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, October 17th. Finally, TheStreet cut Jernigan Capital from a “b” rating to a “c” rating in a report on Monday, August 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $24.33.

Shares of Jernigan Capital (NYSE:JCAP) traded up $0.01 during mid-day trading on Friday, reaching $20.20. The company’s stock had a trading volume of 74,705 shares, compared to its average volume of 153,312. The firm has a market cap of $287.61 and a price-to-earnings ratio of 13.92. Jernigan Capital has a one year low of $18.55 and a one year high of $24.89.

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In related news, Director James D. Dondero sold 48,900 shares of Jernigan Capital stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $20.21, for a total transaction of $988,269.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.18% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. acquired a new position in shares of Jernigan Capital during the second quarter worth $102,000. Nationwide Fund Advisors bought a new stake in Jernigan Capital during the second quarter valued at $119,000. UBS Group AG boosted its position in shares of Jernigan Capital by 226.1% during the 1st quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 4,830 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Jernigan Capital during the 2nd quarter worth about $175,000. Finally, American International Group Inc. raised its holdings in shares of Jernigan Capital by 51.2% in the 3rd quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 2,943 shares during the last quarter. Institutional investors and hedge funds own 65.26% of the company’s stock.

Jernigan Capital Company Profile

Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.

Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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