Jernigan Capital (NASDAQ:JCAP – Get Free Report) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.
Several other research firms also recently weighed in on JCAP. Truist Financial lifted their price objective on Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 14th. Raymond James Financial raised their target price on shares of 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 report on Wednesday, June 3rd. Finally, Citizens Jmp upped their price target on shares of Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.50.
View Our Latest Stock Analysis on JCAP
Jernigan Capital Stock Down 2.8%
Jernigan Capital (NASDAQ:JCAP – Get Free Report) last issued its earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Jernigan Capital had a return on equity of 35.87% and a net margin of 23.50%.The business had revenue of $177.54 million during the quarter. On average, sell-side analysts anticipate that Jernigan Capital will post 2.39 EPS for the current fiscal year.
Institutional Trading of Jernigan Capital
A number of institutional investors have recently modified their holdings of JCAP. New York State Common Retirement Fund purchased a new position in shares of Jernigan Capital in the 4th quarter worth approximately $34,000. Quarry LP bought a new position in shares of Jernigan Capital during the 3rd quarter worth approximately $38,000. Police & Firemen s Retirement System of New Jersey lifted its position 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 acquiring an additional 1,921 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Jernigan Capital during the third quarter valued at approximately $60,000. Finally, Assetmark Inc. boosted its stake in Jernigan Capital by 100.8% in 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 in the last quarter.
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.
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