The stock of Jernigan Capital Inc (NYSE:JCAP) is a huge mover today! The stock increased 3.06% or $0.59 on November 25, hitting $19.9. About 55,010 shares traded hands or 115.96% up from the average. Jernigan Capital Inc (NYSE:JCAP) has risen 70.58% since April 22, 2016 and is uptrending. It has outperformed by 65.17% the S&P500.
The move comes after 6 months positive chart setup for the $121.11 million company. It was reported on Nov, 25 by Barchart.com. We have $20.90 PT which if reached, will make NYSE:JCAP worth $6.06M more.
Analysts await Jernigan Capital Inc (NYSE:JCAP) to report earnings on March, 6. They expect $0.56 EPS, up 473.33% or $0.71 from last year’s $-0.15 per share. JCAP’s profit will be $3.41M for 8.88 P/E if the $0.56 EPS becomes a reality. After $0.84 actual EPS reported by Jernigan Capital Inc for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
Jernigan Capital Inc (NYSE:JCAP) Ratings Coverage
Out of 2 analysts covering Jernigan Capital Inc (NYSE:JCAP), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. Jernigan Capital Inc has been the topic of 4 analyst reports since August 14, 2015 according to StockzIntelligence Inc. On Thursday, June 23 the stock rating was initiated by FBR Capital with “Outperform”. The rating was downgraded by Wunderlich to “Sell” on Wednesday, April 6. The firm has “Buy” rating given on Tuesday, November 10 by Wunderlich.
According to Zacks Investment Research, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States.”
More notable recent Jernigan Capital Inc (NYSE:JCAP) news were published by: Businesswire.com which released: “Jernigan Capital, Inc. Announces New Investments in Jacksonville MSA and …” on November 21, 2016, also Marketwatch.com with their article: “Jernigan Capital started at outperform with $20 stock price target at FBR & Co.” published on March 27, 2015, Bizjournals.com published: “Exclusive: Jernigan Capital president shares new details on company’s …” on August 12, 2015. More interesting news about Jernigan Capital Inc (NYSE:JCAP) were released by: Businesswire.com and their article: “Jernigan Capital Completes Heitman Joint Venture with $75 Million …” published on April 05, 2016 as well as Businesswire.com‘s news article titled: “Jernigan Capital, Inc. Announces New Investment in Atlanta MSA and Opening of …” with publication date: August 19, 2016.
JCAP Company Profile
Jernigan Capital, Inc., incorporated on October 30, 2014, is a commercial real estate finance company. The Firm provides capital to private developers, owners and operators of self-storage facilities. The Firm 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 (Profits Interest). The Firm also generates cash flows from construction loans and operating property loans in the form of a fixed interest rate and origination fees. In addition, in connection with each development property investment, the Company obtains a right of first refusal to acquire the subject property. The Firm conducts its investment activities through its operating company, Jernigan Capital Operating Company, LLC.
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