Jernigan Capital (NASDAQ:JCAP) Upgraded to “Hold” at Zacks Research

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

Separately, Weiss Ratings cut Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $25.20.

Jernigan Capital Trading Up 2.0%

Shares of JCAP stock opened at $19.14 on Tuesday. The firm’s fifty day simple moving average is $17.77 and its 200 day simple moving average is $19.90. Jernigan Capital has a 1 year low of $15.50 and a 1 year high of $23.80. The firm has a market capitalization of $1.18 billion and a P/E ratio of 7.39.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. The business had revenue of $154.80 million during the quarter. Equities research analysts anticipate that Jernigan Capital will post 2.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Jernigan Capital

Several large investors have recently modified their holdings of the business. William Blair Investment Management LLC lifted its stake in Jernigan Capital by 6.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,484,109 shares of the real estate investment trust’s stock valued at $33,155,000 after acquiring an additional 89,967 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Jernigan Capital in the third quarter valued at approximately $81,000. SG Americas Securities LLC bought a new stake in Jernigan Capital in the 4th quarter valued at $137,000. North Reef Capital Management LP raised its stake in Jernigan Capital by 122.2% in 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 acquiring an additional 292,678 shares during the period. Finally, Punch & Associates Investment Management Inc. acquired a new stake in Jernigan Capital during the 1st quarter valued at $21,458,000.

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.