Jernigan Capital (NASDAQ:JCAP) Price Target Raised to $30.00 at Truist Financial

Jernigan Capital (NASDAQ:JCAP) had its price objective increased by stock analysts at Truist Financial from $26.00 to $30.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s price target indicates a potential upside of 26.32% from the stock’s current price.

A number of other equities research analysts have also recently weighed in on JCAP. Citizens Jmp boosted their price objective on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a research note on Friday. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Raymond James Financial boosted their target price on Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $27.50.

Jernigan Capital Price Performance

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

Jernigan Capital (NASDAQ:JCAP) last announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.77 EPS for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%. On average, analysts expect that Jernigan Capital will post 2.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Jernigan Capital

Several hedge funds and other institutional investors have recently bought and sold shares of JCAP. New York State Common Retirement Fund purchased a new stake in Jernigan Capital during the fourth quarter worth $34,000. Quarry LP acquired a new position in shares of Jernigan Capital during the 3rd quarter worth $38,000. Police & Firemen s Retirement System of New Jersey raised its stake in shares of Jernigan Capital by 133.1% during 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 buying an additional 1,921 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Jernigan Capital in the 3rd quarter worth about $60,000. Finally, 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 valued at $78,000 after acquiring an additional 2,044 shares during the last quarter.

Jernigan Capital Company Profile

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.