Jernigan Capital Received its Third Buy in a Row

By Jason Carr

After KeyBanc and Robert W. Baird assigned a Buy rating to Jernigan Capital in the last month, the company received another Buy, this time from B.Riley FBR. Analyst David Corak reiterated a Buy rating on Jernigan Capital (NYSE: JCAP) today and set a price target of $25. The company’s shares closed yesterday at $20.02.

Corak noted:

“We are adjusting estimates to reflect the release of the company’s 10-Q as well as for management commentary. We reiterate our Buy rating and $25.00 price target.”

According to, Corak is a 3-star analyst with an average return of 2.4% and a 56.4% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and NorthStar Realty Europe Corp.

Currently, the analyst consensus on Jernigan Capital is Strong Buy and the average price target is $24.75, representing a 23.6% upside.

In a report issued on November 1, Robert W. Baird also reiterated a Buy rating on the stock with a $24 price target.

Jernigan Capital’s market cap is currently $285M and has a P/E ratio of 13.71. The company has a book value ratio of 1.0702.

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.

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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.