Swiss National Bank purchased a new stake in shares of Jernigan Capital, Inc. (NASDAQ:JCAP – Free Report) in the first quarter, Holdings Channel.com reports. The firm purchased 38,200 shares of the real estate investment trust’s stock, valued at approximately $735,000.
Other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund purchased a new stake in shares of Jernigan Capital in the fourth quarter worth $34,000. Police & Firemen s Retirement System of New Jersey boosted its stake in Jernigan Capital by 133.1% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock valued at $75,000 after buying an additional 1,921 shares during the period. Assetmark Inc. grew 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 worth $78,000 after buying an additional 2,044 shares in the last quarter. Quarry LP purchased a new position in Jernigan Capital during the third quarter worth about $38,000. Finally, BNP Paribas Financial Markets purchased a new position in Jernigan Capital during the third quarter worth about $60,000.
Jernigan Capital Price Performance
Shares of NASDAQ:JCAP opened at $20.11 on Friday. The company’s fifty day moving average price is $18.10 and its 200-day moving average price is $19.71. The firm has a market capitalization of $1.24 billion and a price-to-earnings ratio of 7.76. Jernigan Capital, Inc. has a one year low of $15.50 and a one year high of $23.80.
Jernigan Capital Announces Dividend
Analysts Set New Price Targets
Several analysts have weighed in on the company. Zacks Research raised Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings lowered Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.
Check Out Our Latest Stock Report on JCAP
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.
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