Jernigan Capital (NASDAQ:JCAP) Downgraded to Strong Sell Rating by Zacks Research

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

JCAP has been the subject of several other research reports. Citizens Jmp raised their target price on Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Friday, August 14th. Raymond James Financial upped their price target on Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings lowered shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Finally, Truist Financial boosted their price objective on shares of Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

Jernigan Capital Trading Down 2.8%

Jernigan Capital stock opened at $21.09 on Thursday. The firm has a 50 day simple moving average of $20.16 and a 200 day simple moving average of $19.66. Jernigan Capital has a 1-year low of $15.50 and a 1-year high of $24.44. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 8.61 and a beta of -0.16.

Jernigan Capital (NASDAQ:JCAP) last posted its earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share (EPS) 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 return on equity of 35.87% and a net margin of 23.50%. On average, equities research analysts forecast that Jernigan Capital will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund bought a new position in Jernigan Capital in the 4th quarter worth about $34,000. Police & Firemen s Retirement System of New Jersey grew its position in Jernigan Capital by 133.1% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 1,921 shares during the period. Assetmark Inc. increased its position in Jernigan Capital by 100.8% during the first quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 2,044 shares during the last quarter. Quarry LP purchased a new stake in shares of Jernigan Capital during the 3rd quarter valued at about $38,000. Finally, BNP Paribas Financial Markets bought a new position in Jernigan Capital in the third quarter worth approximately $60,000.

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.