FBR Capital Gives a Buy Rating to Jernigan Capital

By Ryan Adsit

FBR Capital analyst David Corak assigned a Buy rating to Jernigan Capital (NYSE: JCAP) today and set a price target of $25. The company’s shares closed yesterday at $21.05.

According to TipRanks.com, Corak is a 3-star analyst with an average return of 3.1% and a 57.7% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and Consolidated-Tomoka Land Co.

Jernigan Capital has an analyst consensus of Moderate Buy, with a price target consensus of $24.50.

Based on Jernigan Capital’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $2.6 million and quarterly net profit of $5.1 million. In comparison, last year the company earned revenue of $1.7 million and had a net profit of $4.88 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JCAP in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Jernigan Capital, Inc. is a real estate investment trust, which engages in the provision of debt and equity capital to private developers, owners, and operators of self-storage facilities. It focuses on Development Property Investments and Operating Property Loans.