Jernigan Capital (NASDAQ:JCAP) Stock Rating Lowered by Zacks Research

Jernigan Capital (NASDAQ:JCAP) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Monday,Zacks.com reports.

JCAP has been the subject of a number of other research reports. Weiss Ratings cut Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Texas Capital upgraded Jernigan Capital to a “strong-buy” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $25.20.

Jernigan Capital Stock Down 1.5%

JCAP opened at $16.41 on Monday. The business has a fifty day moving average of $19.30 and a 200 day moving average of $20.75. Jernigan Capital has a 52-week low of $15.98 and a 52-week high of $23.80. The stock has a market cap of $909.41 million and a P/E ratio of 6.34.

Jernigan Capital (NASDAQ:JCAP) last posted its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%.The company had revenue of $154.80 million during the quarter. Equities analysts anticipate that Jernigan Capital will post 2.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Jernigan Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its position in Jernigan Capital by 95.9% during the 1st quarter. Bank of America Corp DE now owns 58,859 shares of the real estate investment trust’s stock valued at $1,132,000 after purchasing an additional 28,815 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Jernigan Capital during the 1st quarter valued at $266,000. North Reef Capital Management LP raised its position in Jernigan Capital by 122.2% during the 1st quarter. North Reef Capital Management LP now owns 532,151 shares of the real estate investment trust’s stock valued at $10,233,000 after purchasing an additional 292,678 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new stake in Jernigan Capital during the 1st quarter valued at $21,458,000. Finally, Renaissance Technologies LLC raised its position in Jernigan Capital by 86.2% during the 1st quarter. Renaissance Technologies LLC now owns 178,032 shares of the real estate investment trust’s stock valued at $3,424,000 after purchasing an additional 82,432 shares in the last quarter.

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.