Jernigan Capital, Inc. (NYSE:JCAP) was downgraded by TheStreet from a “b” rating to a “c” rating in a report issued on Monday.
Several other research firms also recently commented on JCAP. Raymond James Financial, Inc. reissued an “outperform” rating and set a $26.00 price objective (up previously from $25.00) on shares of Jernigan Capital in a report on Wednesday, June 28th. BidaskClub raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a report on Thursday, July 20th. ValuEngine downgraded shares of Jernigan Capital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. FBR & Co reissued a “buy” rating on shares of Jernigan Capital in a report on Friday, May 5th. Finally, Zacks Investment Research raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.00.
Jernigan Capital (NYSE JCAP) opened at 18.63 on Monday. Jernigan Capital has a 12-month low of $16.00 and a 12-month high of $24.89. The stock’s 50 day moving average price is $21.20 and its 200-day moving average price is $22.22. The firm has a market cap of $261.47 million, a PE ratio of 9.98 and a beta of 0.84.
Jernigan Capital (NYSE:JCAP) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.50 EPS for the quarter, beating the consensus estimate of $0.38 by $0.12. Jernigan Capital had a net margin of 185.96% and a return on equity of 9.37%. The business had revenue of $3.10 million during the quarter, compared to the consensus estimate of $2.53 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The business’s revenue was down 3.7% on a year-over-year basis. Equities research analysts anticipate that Jernigan Capital will post $1.60 earnings per share for the current fiscal year.
In other Jernigan Capital news, Director Harry J. Thie bought 1,650 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $21.25 per share, for a total transaction of $35,062.50. Following the transaction, the director now owns 17,223 shares of the company’s stock, valued at $365,988.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James D. Dondero bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were acquired at an average price of $22.00 per share, for a total transaction of $2,200,000.00. The disclosure for this purchase can be found here. Insiders have bought a total of 110,600 shares of company stock worth $2,422,416 over the last 90 days. Corporate insiders own 3.18% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Ranger Global Real Estate Advisors LLC acquired a new stake in shares of Jernigan Capital during the first quarter valued at about $3,722,000. Goldman Sachs Group Inc. acquired a new stake in shares of Jernigan Capital during the first quarter valued at about $977,000. Citadel Advisors LLC boosted its stake in shares of Jernigan Capital by 27.8% in the first quarter. Citadel Advisors LLC now owns 18,786 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 4,091 shares in the last quarter. Morgan Stanley boosted its stake in shares of Jernigan Capital by 71.9% in the first quarter. Morgan Stanley now owns 80,475 shares of the real estate investment trust’s stock valued at $1,854,000 after buying an additional 33,669 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Jernigan Capital by 226.1% in the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 4,830 shares in the last quarter. Hedge funds and other institutional investors own 46.65% of the company’s stock.
Jernigan Capital Company Profile
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.
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