Jernigan Capital (NASDAQ:JCAP) Rating Lowered to “Strong Sell” at Zacks Research

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

Several other equities analysts have also recently weighed in on JCAP. 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 analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $25.20.

Jernigan Capital Price Performance

NASDAQ JCAP opened at $16.41 on Monday. The stock has a market capitalization of $909.41 million and a PE ratio of 6.34. The business has a 50 day simple moving average of $19.30 and a two-hundred day simple moving average of $20.75. Jernigan Capital has a 1-year low of $15.98 and a 1-year high of $23.80.

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

Hedge Funds Weigh In On Jernigan Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund purchased a new position in shares of Jernigan Capital in the 4th quarter worth approximately $34,000. Strs Ohio purchased a new position in shares of Jernigan Capital in the 3rd quarter worth approximately $36,000. Quarry LP purchased a new position in shares of Jernigan Capital in the 3rd quarter worth approximately $38,000. State of Wyoming purchased a new position in shares of Jernigan Capital in the 3rd quarter worth approximately $60,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Jernigan Capital in the 3rd quarter worth approximately $60,000.

Jernigan Capital Company Profile

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.