Zacks Research Upgrades Jernigan Capital (NASDAQ:JCAP) to Hold

Jernigan Capital (NASDAQ:JCAP) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors 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 investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Jernigan Capital has an average rating of “Moderate Buy” and a consensus price target of $25.20.

Jernigan Capital Trading Up 2.0%

JCAP stock opened at $19.14 on Tuesday. The stock has a 50-day moving average price of $17.77 and a 200-day moving average price of $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 cap of $1.18 billion and a PE 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 earnings per share (EPS) for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%.The company had revenue of $154.80 million for the quarter. On average, analysts forecast that Jernigan Capital will post 2.53 earnings per share for the current year.

Institutional Investors Weigh In On Jernigan Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Jernigan Capital by 64.9% in the fourth quarter. Wellington Management Group LLP now owns 1,817,039 shares of the real estate investment trust’s stock valued at $40,593,000 after acquiring an additional 715,258 shares in the last quarter. Principal Financial Group Inc. grew its stake in Jernigan Capital by 98.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock valued at $29,558,000 after purchasing an additional 763,766 shares during the period. William Blair Investment Management LLC grew 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 purchasing an additional 89,967 shares during the period. Adage Capital Partners GP L.L.C. increased its position in shares of Jernigan Capital by 5.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,287,509 shares of the real estate investment trust’s stock valued at $28,763,000 after purchasing an additional 68,341 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of 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.