Jernigan Capital (NYSE:JCAP) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Jernigan Capital (NYSE:JCAP) from a hold rating to a sell rating in a research note published on Thursday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Jernigan Capital from a sell rating to a hold rating in a research report on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $24.00.

Jernigan Capital stock traded up $0.32 during midday trading on Thursday, reaching $20.60. 153,092 shares of the company were exchanged, compared to its average volume of 141,732. The firm has a market capitalization of $440.44 million, a P/E ratio of 9.90 and a beta of 0.46. The company’s 50-day moving average is $20.55. Jernigan Capital has a 1 year low of $18.42 and a 1 year high of $22.20. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.07.

Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.25. The firm had revenue of $10.83 million during the quarter, compared to analysts’ expectations of $10.38 million. Jernigan Capital had a return on equity of 20.81% and a net margin of 165.18%. On average, sell-side analysts expect that Jernigan Capital will post 1.85 earnings per share for the current fiscal year.

In other Jernigan Capital news, Director James D. Dondero sold 88,837 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $21.09, for a total value of $1,873,572.33. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John A. Good purchased 2,100 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was acquired at an average cost of $20.97 per share, for a total transaction of $44,037.00. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Strs Ohio lifted its stake in shares of Jernigan Capital by 16.7% in 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 in the last quarter. Rhumbline Advisers lifted its stake in shares of Jernigan Capital by 3.2% in the 1st quarter. Rhumbline Advisers now owns 26,235 shares of the real estate investment trust’s stock valued at $552,000 after purchasing an additional 807 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Jernigan Capital by 93.7% in 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 in the last quarter. SeaBridge Investment Advisors LLC lifted its stake in shares of Jernigan Capital by 33.3% in 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 in the last quarter. Finally, Bailard Inc. lifted its stake in shares of Jernigan Capital by 13.7% in 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 in the last quarter. 66.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

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