Jernigan Capital (NASDAQ:JCAP) Sets New 52-Week High Following Analyst Upgrade

Jernigan Capital, Inc. (NASDAQ:JCAP) reached a new 52-week high during trading on Saturday after Truist Financial raised their price target on the stock from $26.00 to $30.00. Truist Financial currently has a buy rating on the stock. Jernigan Capital traded as high as $24.28 and last traded at $24.00, with a volume of 1483907 shares changing hands. The stock had previously closed at $21.61.

A number of other research analysts have also recently issued reports on the company. Citizens Jmp boosted their target price 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 lowered Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Raymond James Financial lifted their price objective on Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.50.

Key Stories Impacting Jernigan Capital

Here are the key news stories impacting Jernigan Capital this week:

• Positive Sentiment: Truist raises target and initiates Buy rating: Truist Financial increased its price target from $26 to $30 and now rates JCAP “Buy,” indicating substantial potential upside from the current trading level. Benzinga article
• Positive Sentiment: Additional analyst support: Citizens JMP lifted its price target from $26 to $28 and maintained a “Market Outperform” rating, while Raymond James raised its target from $21 to $24 and upgraded its view to “Outperform.” The broad-based revisions reinforce positive sentiment around JCAP’s outlook. Benzinga analyst coverage
• Positive Sentiment: Quarterly earnings exceeded expectations: JCAP reported second-quarter adjusted earnings of $0.77 per share, surpassing the $0.63 consensus estimate. Reported revenue was $177.54 million, with a 25.42% net margin and 38.63% return on equity. MarketBeat earnings report
• Positive Sentiment: Operating growth and dividend: Second-quarter collections increased 18% to $300.9 million, deployments rose 21% to $152.2 million, and estimated remaining collections grew 18% to $3.4 billion. The board also declared a quarterly cash dividend of $0.24 per share, supporting the stock’s income appeal. Second-quarter 2026 results
• Neutral Sentiment: Year-over-year comparison: Quarterly earnings of $0.67 per share were below the $0.81 reported in the same period last year, although results still exceeded analysts’ expectations. Zacks earnings analysis

Hedge Funds Weigh In On Jernigan Capital

Several hedge funds have recently modified their holdings of JCAP. Wellington Management Group LLP increased its position in shares of Jernigan Capital by 64.9% in the fourth quarter. Wellington Management Group LLP now owns 1,817,039 shares of the real estate investment trust’s stock valued at $40,593,000 after acquiring an additional 715,258 shares during the last quarter. Principal Financial Group Inc. boosted its position in Jernigan Capital by 98.8% during the first quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock valued at $29,558,000 after purchasing an additional 763,766 shares during the last quarter. William Blair Investment Management LLC boosted its position in Jernigan Capital by 6.5% during the fourth quarter. William Blair Investment Management LLC now owns 1,484,109 shares of the real estate investment trust’s stock valued at $33,155,000 after purchasing an additional 89,967 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its stake in Jernigan Capital by 5.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,287,509 shares of the real estate investment trust’s stock valued at $28,763,000 after purchasing an additional 68,341 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new position in Jernigan Capital in the first quarter valued at approximately $21,458,000.

Jernigan Capital Stock Performance

The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 9.80 and a beta of -0.16. The company has a 50-day simple moving average of $19.01 and a two-hundred day simple moving average of $19.59.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter. Jernigan Capital had a return on equity of 35.87% and a net margin of 23.50%. As a group, sell-side analysts predict that Jernigan Capital, Inc. will post 2.53 earnings per share for the current fiscal year.

About Jernigan Capital

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.