William Blair Investment Management LLC Acquires 290,026 Shares of Jernigan Capital, Inc. $JCAP

William Blair Investment Management LLC boosted its holdings in Jernigan Capital, Inc. (NASDAQ:JCAP) by 16.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,096,691 shares of the real estate investment trust’s stock after acquiring an additional 290,026 shares during the quarter. William Blair Investment Management LLC owned 3.65% of Jernigan Capital worth $40,005,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new position in Jernigan Capital during the third quarter worth about $41,000. State of Wyoming acquired a new stake in Jernigan Capital during the third quarter valued at approximately $65,000. Assetmark Inc. grew its stake in shares of Jernigan Capital by 100.8% in the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 2,044 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Jernigan Capital by 135.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,401 shares of the real estate investment trust’s stock valued at $103,000 after purchasing an additional 3,110 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in shares of Jernigan Capital in the 2nd quarter valued at approximately $211,000.

Wall Street Analyst Weigh In

Several research firms recently commented on JCAP. Weiss Ratings downgraded Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Raymond James Financial boosted their price target on Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Citizens Jmp upped their price target on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Friday, August 14th. Truist Financial upped their price target on Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.50.

Jernigan Capital Trading Up 7.3%

JCAP stock traded up $1.42 during trading on Friday, hitting $20.88. 409,235 shares of the stock traded hands, compared to its average volume of 211,467. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 7.97 and a beta of -0.05. Jernigan Capital, Inc. has a one year low of $15.50 and a one year high of $24.44. The company has a 50 day simple moving average of $20.22 and a 200 day simple moving average of $19.92.

Jernigan Capital (NASDAQ:JCAP) last issued its quarterly earnings data on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The firm had revenue of $177.54 million for the quarter. Jernigan Capital had a net margin of 23.55% and a return on equity of 34.37%. As a group, analysts predict that Jernigan Capital, Inc. will post 2.39 earnings per share for the current fiscal year.

Jernigan Capital Company Profile

Jernigan Capital, Inc. was a real estate investment trust focused on the U.S. self-storage industry. The company provided financing and investment capital for the development of self-storage properties, partnering with developers and operators on projects across the country. Founded by self-storage industry executive Dean Jernigan, the company made debt and equity investments in development-stage facilities and, in some cases, retained ownership interests as projects were completed. Jernigan served as the company’s chairman and chief executive officer.