Jernigan Capital (NASDAQ:JCAP) Stock Rating Lowered by Zacks Research

Jernigan Capital (NASDAQ:JCAP) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Truist Financial increased their target price on Jernigan Capital from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Raymond James Financial boosted their target price on shares of Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Finally, Citizens Jmp boosted 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 note on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Jernigan Capital currently has an average rating of “Moderate Buy” and an average price target of $27.50.

Jernigan Capital Stock Performance

JCAP opened at $21.09 on Thursday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 8.61 and a beta of -0.16. The firm’s fifty day moving average is $20.16 and its 200 day moving average is $19.66. Jernigan Capital has a fifty-two week low of $15.50 and a fifty-two week high of $24.44.

Jernigan Capital (NASDAQ:JCAP) last issued its quarterly earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $177.54 million during the quarter. Jernigan Capital had a return on equity of 35.87% and a net margin of 23.50%. On average, equities research analysts predict that Jernigan Capital will post 2.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JCAP. Norges Bank purchased a new position in Jernigan Capital in the second quarter worth about $554,000. Sei Investments Co. bought a new stake in shares of Jernigan Capital in the 2nd quarter valued at approximately $381,000. Jane Street Group LLC purchased a new position in shares of Jernigan Capital in the 2nd quarter worth approximately $1,480,000. Nantahala Capital Management LLC bought a new position in shares of Jernigan Capital during the 2nd quarter valued at approximately $11,070,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Jernigan Capital during the 2nd quarter valued at approximately $15,277,000.

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.