FBR & Co set a $25.00 price target on Jernigan Capital, Inc. (NYSE:JCAP) in a research note issued to investors on Friday. The firm currently has a buy rating on the real estate investment trust’s stock.

JCAP has been the subject of a number of other research reports. BidaskClub downgraded Jernigan Capital from a sell rating to a strong sell rating in a research report on Thursday, August 24th. ValuEngine downgraded Jernigan Capital from a strong-buy rating to a buy rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a hold rating and issued a $22.00 price objective (down previously from $23.00) on shares of Jernigan Capital in a research report on Tuesday, September 26th. TheStreet downgraded Jernigan Capital from a b rating to a c rating in a research report on Monday, August 21st. Finally, Zacks Investment Research downgraded Jernigan Capital from a hold rating to a strong sell rating in a research report on Thursday, July 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of $24.33.

Shares of Jernigan Capital (NYSE:JCAP) traded up 0.38% during mid-day trading on Friday, reaching $21.30. The company’s stock had a trading volume of 11,781 shares. The company’s 50-day moving average is $20.09 and its 200 day moving average is $21.60. The firm has a market capitalization of $298.95 million, a P/E ratio of 11.41 and a beta of 0.88. Jernigan Capital has a 1-year low of $17.01 and a 1-year high of $24.89.

Jernigan Capital (NYSE:JCAP) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.12. The company had revenue of $3.10 million during the quarter, compared to analysts’ expectations of $2.53 million. Jernigan Capital had a return on equity of 9.37% and a net margin of 185.96%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. On average, analysts expect that Jernigan Capital will post $1.59 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “FBR & Co Reiterates $25.00 Price Target for Jernigan Capital, Inc. (JCAP)” was posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/10/16/fbr-co-reiterates-25-00-price-target-for-jernigan-capital-inc-jcap.html.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Monday, October 2nd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date was Friday, September 29th. Jernigan Capital’s dividend payout ratio is currently 69.65%.

In other news, Director Harry J. Thie purchased 1,650 shares of the stock in a transaction on Thursday, August 10th. The stock was purchased at an average price of $21.25 per share, with a total value of $35,062.50. Following the completion of the transaction, the director now owns 17,223 shares in the company, valued at $365,988.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Howard A. Silver purchased 2,481 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $20.15 per share, with a total value of $49,992.15. Following the transaction, the director now owns 15,704 shares of the company’s stock, valued at approximately $316,435.60. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 10,600 shares of company stock valued at $222,416. Company insiders own 3.18% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in Jernigan Capital by 0.6% during the second quarter. Goldman Sachs Group Inc. now owns 42,644 shares of the real estate investment trust’s stock valued at $938,000 after acquiring an additional 249 shares during the period. Bank of New York Mellon Corp grew its position in Jernigan Capital by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 33,448 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 1,138 shares during the period. NFC Investments LLC grew its position in Jernigan Capital by 0.7% during the second quarter. NFC Investments LLC now owns 231,604 shares of the real estate investment trust’s stock valued at $5,095,000 after acquiring an additional 1,700 shares during the period. Citadel Advisors LLC grew its position in Jernigan Capital by 27.8% during the first quarter. Citadel Advisors LLC now owns 18,786 shares of the real estate investment trust’s stock valued at $433,000 after acquiring an additional 4,091 shares during the period. Finally, D.A. Davidson & CO. purchased a new stake in Jernigan Capital during the second quarter valued at about $102,000. 60.64% of the stock is owned by hedge funds and other institutional investors.

About Jernigan Capital

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.

Receive News & Ratings for Jernigan Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.