Sei Investments Co. lifted its position in Jernigan Capital, Inc. (NASDAQ:JCAP – Free Report) by 170.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 52,502 shares of the real estate investment trust’s stock after acquiring an additional 33,055 shares during the period. Sei Investments Co.’s holdings in Jernigan Capital were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in JCAP. New York State Common Retirement Fund acquired a new stake in shares of Jernigan Capital during the 4th quarter valued at approximately $34,000. Quarry LP acquired a new position in Jernigan Capital in the third quarter worth $38,000. BNP Paribas Financial Markets acquired a new position in Jernigan Capital in the third quarter worth $60,000. Police & Firemen s Retirement System of New Jersey increased 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 purchasing an additional 1,921 shares during the last quarter. Finally, Assetmark Inc. increased its stake 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 purchasing an additional 2,044 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on JCAP shares. Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Jernigan Capital currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.
Jernigan Capital Stock Up 0.1%
JCAP stock opened at $21.10 on Thursday. The company has a market capitalization of $1.30 billion, a P/E ratio of 8.15 and a beta of -0.16. The company has a 50-day simple moving average of $18.75 and a 200 day simple moving average of $19.59. Jernigan Capital, Inc. has a fifty-two week low of $15.50 and a fifty-two week high of $23.80.
Jernigan Capital 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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