Jernigan Capital (NYSE:JCAP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

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. “

JCAP has been the topic of several other reports. B. Riley set a $25.00 price target on shares of Jernigan Capital and gave the company a “buy” rating in a report on Friday, December 29th. Robert W. Baird restated a “buy” rating on shares of Jernigan Capital in a research note on Friday, November 3rd. BidaskClub upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. KeyCorp assumed coverage on shares of Jernigan Capital in a research note on Thursday, October 19th. They issued an “overweight” rating and a $24.00 target price on the stock. Finally, ValuEngine downgraded shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Jernigan Capital currently has an average rating of “Hold” and a consensus price target of $24.17.

Jernigan Capital (NYSE:JCAP) opened at $17.74 on Tuesday. The company has a market cap of $258.89, a PE ratio of 12.14 and a beta of 0.85. Jernigan Capital has a fifty-two week low of $17.65 and a fifty-two week high of $24.89.

Jernigan Capital (NYSE:JCAP) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, beating the consensus estimate of $0.25 by $0.08. Jernigan Capital had a net margin of 151.13% and a return on equity of 7.44%. equities analysts expect that Jernigan Capital will post 1.06 EPS for the current year.

In other news, Director James D. Dondero sold 23,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $19.27, for a total transaction of $443,210.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James D. Dondero sold 48,900 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.21, for a total transaction of $988,269.00. The disclosure for this sale can be found here. 3.18% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RMR Advisors LLC boosted its stake in shares of Jernigan Capital by 846.0% during the fourth quarter. RMR Advisors LLC now owns 101,421 shares of the real estate investment trust’s stock valued at $1,928,000 after purchasing an additional 90,700 shares in the last quarter. Orinda Asset Management LLC bought a new position in shares of Jernigan Capital during the fourth quarter valued at approximately $190,000. Neuberger Berman Group LLC bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $261,000. Cubist Systematic Strategies LLC boosted its stake in shares of Jernigan Capital by 79.6% during the third quarter. Cubist Systematic Strategies LLC now owns 22,361 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 9,913 shares in the last quarter. Finally, First Allied Advisory Services Inc. bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $508,000. Hedge funds and other institutional investors own 68.75% of the company’s stock.

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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.

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