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

Zacks Investment Research upgraded shares of Jernigan Capital (NYSE:JCAP) from a sell rating to a hold rating in a research note published on Saturday morning, Zacks.com reports.

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. “

A number of other equities research analysts have also issued reports on JCAP. B. Riley set a $26.00 price objective on shares of Jernigan Capital and gave the company a buy rating in a report on Wednesday, September 18th. Raymond James lowered shares of Jernigan Capital from an outperform rating to a market perform rating in a report on Monday, August 5th. Finally, ValuEngine raised shares of Jernigan Capital from a sell rating to a hold rating in a report on Thursday, October 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $23.50.

JCAP traded up $0.42 during trading on Friday, reaching $17.84. 459,310 shares of the company traded hands, compared to its average volume of 159,382. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.23 and a current ratio of 0.25. Jernigan Capital has a 12-month low of $17.21 and a 12-month high of $22.20. The firm has a fifty day simple moving average of $18.98 and a 200 day simple moving average of $20.06. The company has a market cap of $386.75 million, a P/E ratio of 8.58 and a beta of 0.46.

Several hedge funds have recently bought and sold shares of JCAP. Tower Research Capital LLC TRC purchased a new position in shares of Jernigan Capital in the second quarter valued at $27,000. Nisa Investment Advisors LLC grew its holdings in shares of Jernigan Capital by 93.7% in the second quarter. Nisa Investment Advisors LLC now owns 1,850 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 895 shares in the last quarter. Bogart Wealth LLC purchased a new position in shares of Jernigan Capital in the second quarter valued at $51,000. SeaBridge Investment Advisors LLC grew its holdings in shares of Jernigan Capital by 33.3% in the second quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of Jernigan Capital by 16.7% in the second quarter. Strs Ohio now owns 5,600 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 800 shares in the last quarter. 67.68% of the stock is owned by hedge funds and other institutional investors.

Jernigan Capital Company Profile

Jernigan Capital, Inc 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. 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.

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