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Jernigan Capital Inc 20.6% Potential Upside Indicated by Robert W. Baird

Jernigan Capital Inc with TICKER NYSE:JCAP had its stock rating noted as ‘Coverage Initiated’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at Robert W. Baird. Jernigan Capital Inc are listed in the Consumer Services sector within NYSE. Robert W. Baird have set a target price of 26 USD on its stock. This now indicates the analyst believes there is a potential upside of 20.6% from today’s opening price of 21.55 USD. Jernigan Capital Inc NYSE:JCAP has a 50 day moving average of 21.44 USD and the 200 Day Moving Average price is recorded at 21.44 USD. The 1 year high stock price is 21.99 USD while the 52 week low for the stock is 20.01 USD.

 

Jernigan Capital Inc NYSE:JCAP is a commercial real estate finance company that lends to private developers, owners and operators of self-storage facilities. The Company focuses primarily on originating development loans and stabilized asset loans. It originates a portfolio of development, acquisition, and refinance loans secured by self-storage facilities. The Company’s development loans are used to finance ground-up construction of self-storage facilities or major self-storage redevelopment opportunities and these loans are funded over time as the developer completes the project. Its stabilized asset loans are used to finance the acquisition of, refinance existing indebtedness on, or recapitalize stabilized self-storage facilities. Refinanced indebtedness includes bank loans or loans included in commercial mortgage-backed securities, or CMBS, pools. The Company is managed and advised by JCap Advisors, LLC.

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