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.
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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