Jernigan Capital, Inc. (NYSE:JCAP) was downgraded by TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Friday.

A number of other research firms have also recently weighed in on JCAP. BidaskClub raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a report on Thursday, July 20th. Zacks Investment Research cut shares of Jernigan Capital from a “buy” rating to a “hold” rating in a report on Friday, October 20th. ValuEngine cut shares of Jernigan Capital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. KeyCorp assumed coverage on shares of Jernigan Capital in a report on Thursday, October 19th. They issued an “overweight” rating and a $24.00 price objective on the stock. Finally, FBR & Co set a $25.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Friday, October 13th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.33.

Shares of Jernigan Capital (NYSE:JCAP) traded down $0.29 during trading hours on Friday, hitting $20.02. 315,100 shares of the company’s stock were exchanged, compared to its average volume of 154,937. The firm has a market capitalization of $283.20 and a PE ratio of 13.72. Jernigan Capital has a 52 week low of $17.98 and a 52 week high of $24.89.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley grew its position in Jernigan Capital by 71.9% in the 1st quarter. Morgan Stanley now owns 80,475 shares of the real estate investment trust’s stock valued at $1,854,000 after buying an additional 33,669 shares in the last quarter. Uniplan Investment Counsel Inc. grew its position in Jernigan Capital by 212.5% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 543,540 shares of the real estate investment trust’s stock valued at $11,414,000 after buying an additional 369,588 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in Jernigan Capital by 84.5% in the 2nd quarter. Monarch Partners Asset Management LLC now owns 23,970 shares of the real estate investment trust’s stock valued at $527,000 after buying an additional 10,980 shares in the last quarter. KRV Capital LP bought a new position in Jernigan Capital in the 2nd quarter valued at about $3,516,000. Finally, Ranger Global Real Estate Advisors LLC grew its position in Jernigan Capital by 201.8% in the 2nd quarter. Ranger Global Real Estate Advisors LLC now owns 494,961 shares of the real estate investment trust’s stock valued at $10,889,000 after buying an additional 330,936 shares in the last quarter. Hedge funds and other institutional investors own 60.18% of the company’s stock.

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.

Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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