The stock of Jernigan Capital, Inc. (JCAP) shows a multiple tops pattern with $23.20 target or 7.00 % above today’s $21.68 share price. The 8 months chart pattern indicates low risk for the $439.55M company. It was reported on Mar, 17 by Finviz.com. If the $23.20 price target is reached, the company will be worth $30.77 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.
The stock increased 0.51% or $0.11 during the last trading session, reaching $21.68. About 300,264 shares traded or 98.43% up from the average. Jernigan Capital, Inc. (NYSE:JCAP) has risen 29.30% since March 17, 2018 and is uptrending. It has outperformed by 24.93% the S&P500.
Analysts await Jernigan Capital, Inc. (NYSE:JCAP) to report earnings on May, 1. They expect $0.61 EPS, up 79.41 % or $0.27 from last year’s $0.34 per share. JCAP’s profit will be $12.37M for 8.89 P/E if the $0.61 EPS becomes a reality. After $0.92 actual EPS reported by Jernigan Capital, Inc. for the previous quarter, Wall Street now forecasts -33.70 % negative EPS growth.
Jernigan Capital, Inc. (NYSE:JCAP) Ratings Coverage
Among 3 analysts covering Jernigan Capital (NYSE:JCAP), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Jernigan Capital had 5 analyst reports since September 27, 2018 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Thursday, September 27. Raymond James maintained it with “Outperform” rating and $24 target in Tuesday, December 11 report. The firm has “Buy” rating given on Thursday, February 28 by FBR Capital.
More notable recent Jernigan Capital, Inc. (NYSE:JCAP) news were published by: Seekingalpha.com which released: “Extra Innings For Extra Space – Seeking Alpha” on October 01, 2018, also Businesswire.com with their article: “Jernigan Capital Announces Promotions of John Good to Chief Executive Officer and Jonathan Perry to President and Chief Investment Officer – Business Wire” published on October 29, 2018, Seekingalpha.com published: “Jernigan Capital: Is The Thrill Of Victory Worth The Agony Of Defeat? – Seeking Alpha” on April 20, 2018. More interesting news about Jernigan Capital, Inc. (NYSE:JCAP) were released by: Seekingalpha.com and their article: “Jernigan Capital: A New Small-Cap REIT With A Huge Runway For Growth – Seeking Alpha” published on September 04, 2015 as well as Businesswire.com‘s news article titled: “Jernigan Capital Adds Rebecca Owen and Randy Churchey to Board of Directors – Business Wire” with publication date: December 06, 2018.
Jernigan Capital, Inc. is a New York Stock Exchange-listed real estate investment trust that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. The company has market cap of $439.55 million. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value. It has a 10.31 P/E ratio. The Jernigan Capital team has extensive experience in over 100 U.S. markets??from acquiring and managing self-storage properties to new self-storage development??providing JCAP with knowledge unmatched by any lender, broker or advisor to the sector.