Jernigan Capital, Inc. (JCAP) Downgraded by TheStreet

Jernigan Capital, Inc. (NYSE:JCAP) was downgraded by research analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued on Friday.

A number of other analysts have also commented on the stock. B. Riley set a $25.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a research report on Tuesday. BidaskClub raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Robert W. Baird reissued a “buy” rating on shares of Jernigan Capital in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Jernigan Capital currently has a consensus rating of “Buy” and a consensus price target of $24.33.

Shares of Jernigan Capital (NYSE JCAP) opened at $20.02 on Friday. The company has a market cap of $289.86, a price-to-earnings ratio of 13.72 and a beta of 0.87. Jernigan Capital has a 1 year low of $17.98 and a 1 year high of $24.89.

TRADEMARK VIOLATION NOTICE: This piece was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of US & international copyright laws. The correct version of this piece can be read at https://www.truebluetribune.com/2017/11/14/jernigan-capital-inc-jcap-downgraded-by-thestreet.html.

Institutional investors and hedge funds have recently modified their holdings of the stock. Morgan Stanley increased its holdings in Jernigan Capital by 71.9% during the first quarter. Morgan Stanley now owns 80,475 shares of the real estate investment trust’s stock worth $1,854,000 after buying an additional 33,669 shares during the last quarter. Uniplan Investment Counsel Inc. increased its holdings in Jernigan Capital by 212.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 543,540 shares of the real estate investment trust’s stock worth $11,414,000 after buying an additional 369,588 shares during the last quarter. Monarch Partners Asset Management LLC increased its holdings in Jernigan Capital by 84.5% during the second quarter. Monarch Partners Asset Management LLC now owns 23,970 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 10,980 shares during the last quarter. KRV Capital LP acquired a new position in Jernigan Capital during the second quarter worth $3,516,000. Finally, Ranger Global Real Estate Advisors LLC increased its holdings in Jernigan Capital by 201.8% during the second quarter. Ranger Global Real Estate Advisors LLC now owns 494,961 shares of the real estate investment trust’s stock worth $10,889,000 after buying an additional 330,936 shares during the last quarter. Institutional investors and hedge funds own 60.18% of the company’s stock.

About Jernigan Capital

Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.

Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

Receive News & Ratings for Jernigan Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply