Shares of Jernigan Capital Inc (NYSE:JCAP) have received an average recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $24.00.
JCAP has been the subject of a number of recent analyst reports. Raymond James upped their price objective on shares of Jernigan Capital from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 11th. KeyCorp set a $23.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Zacks Investment Research raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Finally, B. Riley set a $26.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a research report on Tuesday, October 30th.
Get Jernigan Capital alerts:In other Jernigan Capital news, Director James D. Dondero sold 19,081 shares of the company’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $21.17, for a total value of $403,944.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Loeb Partners Corp bought a new position in shares of Jernigan Capital during the 4th quarter valued at approximately $40,000. Macquarie Group Ltd. bought a new position in shares of Jernigan Capital during the 2nd quarter valued at approximately $160,000. Nisa Investment Advisors LLC bought a new position in shares of Jernigan Capital during the 4th quarter valued at approximately $224,000. American International Group Inc. grew its position in shares of Jernigan Capital by 35.4% during the 3rd quarter. American International Group Inc. now owns 11,927 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 3,116 shares during the period. Finally, MetLife Investment Advisors LLC grew its position in shares of Jernigan Capital by 182.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 13,798 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 8,918 shares during the period. 68.16% of the stock is owned by hedge funds and other institutional investors.
Shares of JCAP traded down $0.05 on Tuesday, reaching $21.58. The company’s stock had a trading volume of 88,075 shares, compared to its average volume of 115,383. Jernigan Capital has a twelve month low of $16.62 and a twelve month high of $22.05. The firm has a market capitalization of $420.25 million, a PE ratio of 19.98 and a beta of 0.59.
Jernigan Capital Company Profile
Jernigan Capital, Inc 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. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.
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