Latest News

Jernigan Capital Inc (NYSE:JCAP) Given Average Recommendation of “Hold” by Analysts

Shares of Jernigan Capital Inc (NYSE:JCAP) have received an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.50.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

JCAP has been the subject of a number of recent analyst reports. Zacks Investment Research raised Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet lowered Jernigan Capital from a “b-” rating to a “c” rating in a research report on Monday, November 18th. ValuEngine raised Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Raymond James lowered Jernigan Capital from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. Finally, B. Riley set a $26.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Wednesday, September 18th.

Large investors have recently modified their holdings of the business. Strs Ohio increased its position in shares of Jernigan Capital by 16.7% during the 2nd quarter. Strs Ohio now owns 5,600 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 800 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Jernigan Capital by 93.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,850 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 895 shares during the last quarter. SeaBridge Investment Advisors LLC increased its position in shares of Jernigan Capital by 33.3% during the 2nd quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,000 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Jernigan Capital during the 2nd quarter valued at about $27,000. Finally, Bailard Inc. increased its position in shares of Jernigan Capital by 13.7% during the 2nd quarter. Bailard Inc. now owns 15,800 shares of the real estate investment trust’s stock valued at $324,000 after purchasing an additional 1,900 shares during the last quarter. 64.94% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:JCAP opened at $17.40 on Wednesday. Jernigan Capital has a fifty-two week low of $17.21 and a fifty-two week high of $22.20. The business has a 50-day simple moving average of $18.49 and a two-hundred day simple moving average of $19.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $389.14 million, a price-to-earnings ratio of 8.37 and a beta of 0.46.

About Jernigan Capital

Jernigan Capital, Inc 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. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.

Featured Article: Why do companies issue convertible shares?

Leave a Reply

Your email address will not be published. Required fields are marked *