Jernigan Capital Inc (NYSE:JCAP) – Equities researchers at B. Riley lifted their Q2 2018 earnings per share (EPS) estimates for shares of Jernigan Capital in a research note issued on Monday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will post earnings per share of $0.95 for the quarter, up from their previous forecast of $0.88. B. Riley currently has a “Buy” rating and a $25.00 target price on the stock. B. Riley also issued estimates for Jernigan Capital’s Q1 2019 earnings at $0.75 EPS, Q2 2019 earnings at $0.62 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.56 EPS.
Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, October 23rd. BidaskClub raised Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. ValuEngine raised Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Robert W. Baird reissued a “buy” rating on shares of Jernigan Capital in a research report on Friday, November 3rd. Finally, FBR & Co set a $25.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $24.17.
A number of large investors have recently added to or reduced their stakes in JCAP. Schwab Charles Investment Management Inc. purchased a new position in Jernigan Capital during the 2nd quarter worth approximately $348,000. Rhumbline Advisers purchased a new position in Jernigan Capital during the 2nd quarter worth approximately $224,000. Bank of New York Mellon Corp grew its stake in Jernigan Capital by 125.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 75,520 shares of the real estate investment trust’s stock worth $1,661,000 after buying an additional 42,072 shares during the last quarter. Teachers Advisors LLC purchased a new position in Jernigan Capital during the 2nd quarter worth approximately $383,000. Finally, TIAA CREF Investment Management LLC purchased a new position in Jernigan Capital during the 2nd quarter worth approximately $537,000. Hedge funds and other institutional investors own 69.39% of the company’s stock.
In related news, Director James D. Dondero sold 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $19.27, for a total transaction of $443,210.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director James D. Dondero sold 48,900 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $20.21, for a total value of $988,269.00. The disclosure for this sale can be found here. Company insiders own 3.18% of the company’s stock.
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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.
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