Jernigan Capital (NASDAQ:JCAP) Stock Rating Lowered by Zacks Research

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

A number of other analysts also recently issued reports on JCAP. Texas Capital raised shares of Jernigan Capital to a “strong-buy” rating in a report on Tuesday, February 10th. Weiss Ratings downgraded shares of Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.20.

Jernigan Capital Stock Down 1.5%

NASDAQ JCAP opened at $16.41 on Monday. The company has a market capitalization of $909.41 million and a P/E ratio of 6.34. Jernigan Capital has a 12-month low of $15.98 and a 12-month high of $23.80. The firm has a 50-day moving average price of $19.30 and a two-hundred day moving average price of $20.75.

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

Hedge Funds Weigh In On Jernigan Capital

Several hedge funds and other institutional investors have recently made changes to their positions in JCAP. Norges Bank acquired a new position in shares of Jernigan Capital in the 2nd quarter valued at approximately $554,000. Sei Investments Co. acquired a new position in shares of Jernigan Capital in the 2nd quarter valued at approximately $381,000. Jane Street Group LLC acquired a new position in shares of Jernigan Capital in the 2nd quarter valued at approximately $1,480,000. Nantahala Capital Management LLC acquired a new position in shares of Jernigan Capital in the 2nd quarter valued at approximately $11,070,000. Finally, Adage Capital Partners GP L.L.C. acquired a new position in shares of Jernigan Capital in the 2nd quarter valued at approximately $15,277,000.

About Jernigan Capital

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.