Zacks Investment Research upgraded shares of Jernigan Capital (NYSE:JCAP) from a strong sell rating to a hold rating in a research report sent to investors on Thursday, February 8th.
According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “
Several other equities research analysts have also weighed in on JCAP. B. Riley reissued a buy rating on shares of Jernigan Capital in a research report on Wednesday, November 1st. FBR & Co set a $25.00 price target on Jernigan Capital and gave the stock a buy rating in a research report on Friday, October 13th. BidaskClub lowered Jernigan Capital from a buy rating to a hold rating in a research report on Tuesday, October 31st. ValuEngine lowered Jernigan Capital from a buy rating to a hold rating in a research report on Thursday, November 30th. Finally, KeyCorp began coverage on Jernigan Capital in a report on Thursday, October 19th. They issued an overweight rating and a $24.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $24.17.
Shares of Jernigan Capital (NYSE JCAP) traded up $0.20 on Thursday, hitting $17.55. The stock had a trading volume of 77,446 shares, compared to its average volume of 145,931. Jernigan Capital has a fifty-two week low of $15.90 and a fifty-two week high of $24.89. The stock has a market cap of $247.62, a PE ratio of 12.02 and a beta of 0.66.
In other Jernigan Capital news, Director James D. Dondero sold 23,000 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $19.27, for a total transaction of $443,210.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.18% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of JCAP. Chicago Equity Partners LLC purchased a new stake in shares of Jernigan Capital in the third quarter valued at $4,245,000. ArrowMark Colorado Holdings LLC lifted its position in shares of Jernigan Capital by 40.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 569,199 shares of the real estate investment trust’s stock valued at $10,820,000 after acquiring an additional 164,616 shares in the last quarter. LSV Asset Management lifted its position in shares of Jernigan Capital by 25.4% in the fourth quarter. LSV Asset Management now owns 756,265 shares of the real estate investment trust’s stock valued at $14,376,000 after acquiring an additional 153,387 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Jernigan Capital by 42.2% in the second quarter. Vanguard Group Inc. now owns 449,406 shares of the real estate investment trust’s stock valued at $9,887,000 after acquiring an additional 133,432 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Jernigan Capital by 2,282,420.0% in the third quarter. Wells Fargo & Company MN now owns 114,126 shares of the real estate investment trust’s stock valued at $2,345,000 after acquiring an additional 114,121 shares in the last quarter. Institutional investors own 69.48% of the company’s stock.
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Jernigan Capital Company Profile
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
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