Jernigan Capital (JCAP) Upgraded to “Hold” by Zacks Investment Research

Jernigan Capital (NYSE:JCAP) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday.

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 research firms have also recently commented on JCAP. B. Riley reaffirmed a “buy” rating on shares of Jernigan Capital in a research note on Wednesday, November 1st. BidaskClub raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. FBR & Co set a $25.00 target price on shares of Jernigan Capital and gave the stock a “buy” rating in a research note on Friday, October 13th. ValuEngine raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Finally, TheStreet cut shares of Jernigan Capital from a “b-” rating to a “c” rating in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $24.17.

Jernigan Capital (NYSE JCAP) opened at $17.12 on Thursday. Jernigan Capital has a 12 month low of $15.90 and a 12 month high of $24.89. The firm has a market cap of $239.63, a P/E ratio of 11.73 and a beta of 0.66.

In other Jernigan Capital news, Director James D. Dondero sold 48,900 shares of Jernigan Capital stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.21, for a total value of $988,269.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James D. Dondero sold 23,000 shares of Jernigan Capital stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $19.27, for a total transaction of $443,210.00. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. LSV Asset Management boosted its holdings in shares of Jernigan Capital by 25.4% in the 4th quarter. LSV Asset Management now owns 756,265 shares of the real estate investment trust’s stock valued at $14,376,000 after purchasing an additional 153,387 shares during the last quarter. Uniplan Investment Counsel Inc. boosted its holdings in shares of Jernigan Capital by 18.8% in the 3rd quarter. Uniplan Investment Counsel Inc. now owns 645,887 shares of the real estate investment trust’s stock valued at $13,272,000 after purchasing an additional 102,347 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Jernigan Capital by 42.2% in the 2nd quarter. Vanguard Group Inc. now owns 449,406 shares of the real estate investment trust’s stock valued at $9,887,000 after purchasing an additional 133,432 shares during the last quarter. Northpointe Capital LLC boosted its holdings in shares of Jernigan Capital by 23.7% in the 3rd quarter. Northpointe Capital LLC now owns 318,299 shares of the real estate investment trust’s stock valued at $6,541,000 after purchasing an additional 61,079 shares during the last quarter. Finally, Chicago Equity Partners LLC acquired a new position in shares of Jernigan Capital in the 3rd quarter valued at $4,245,000. Institutional investors own 69.39% of the company’s stock.

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About Jernigan Capital

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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Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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