Jernigan Capital, Inc. (JCAP) Upgraded by BidaskClub to Sell
Jernigan Capital, Inc. (NYSE:JCAP) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday.
A number of other equities analysts have also commented on the stock. TheStreet lowered shares of Jernigan Capital from a “b” rating to a “c” rating in a research report on Monday, August 21st. Zacks Investment Research upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. ValuEngine lowered shares of Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Raymond James Financial, Inc. restated an “outperform” rating and issued a $26.00 price objective (up from $25.00) on shares of Jernigan Capital in a research report on Wednesday, June 28th. Finally, FBR & Co restated a “buy” rating and issued a $25.00 price objective on shares of Jernigan Capital in a research report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Jernigan Capital currently has a consensus rating of “Hold” and an average price target of $25.00.
Shares of Jernigan Capital (NYSE:JCAP) traded up 0.05% during trading on Friday, hitting $19.66. 170,187 shares of the stock traded hands. The company has a market cap of $275.93 million, a P/E ratio of 10.54 and a beta of 0.86. The stock has a 50-day moving average of $20.24 and a 200 day moving average of $21.99. Jernigan Capital has a 1-year low of $16.03 and a 1-year high of $24.89.
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 analysts’ consensus estimates of $0.38 by $0.12. Jernigan Capital had a net margin of 185.96% and a return on equity of 9.37%. The company had revenue of $3.10 million during the quarter, compared to analyst estimates of $2.53 million. During the same period last year, the business earned $0.99 earnings per share. Jernigan Capital’s revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that Jernigan Capital will post $1.60 EPS for the current fiscal year.
In related news, Director James D. Dondero bought 100,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $2,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John A. Good bought 5,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were bought at an average price of $21.65 per share, with a total value of $108,250.00. Following the completion of the transaction, the insider now owns 217,308 shares of the company’s stock, valued at $4,704,718.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 110,600 shares of company stock valued at $2,422,416. 3.18% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. bought a new stake in Jernigan Capital during the second quarter valued at approximately $102,000. Nationwide Fund Advisors bought a new stake in Jernigan Capital during the second quarter valued at approximately $119,000. UBS Group AG lifted its position in Jernigan Capital by 226.1% during the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 4,830 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Jernigan Capital during the second quarter valued at approximately $175,000. Finally, Tower Research Capital LLC TRC lifted its position in Jernigan Capital by 1,579.9% during the second quarter. Tower Research Capital LLC TRC now owns 9,458 shares of the real estate investment trust’s stock valued at $208,000 after purchasing an additional 8,895 shares during the last quarter. Institutional investors and hedge funds own 60.64% 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.
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