Zacks Investment Research upgraded shares of Jernigan Capital (NYSE:JCAP) from a strong sell rating to a hold rating in a report issued on Thursday.

According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “

Several other equities analysts have also issued reports on JCAP. B. Riley reaffirmed a buy rating on shares of Jernigan Capital in a research report on Wednesday, November 1st. FBR & Co set a $25.00 price target on Jernigan Capital and gave the stock a buy rating in a research report on Friday, October 13th. BidaskClub lowered Jernigan Capital from a buy rating to a hold rating in a research report on Tuesday, October 31st. ValuEngine lowered Jernigan Capital from a buy rating to a hold rating in a research report on Thursday, November 30th. Finally, KeyCorp began coverage on Jernigan Capital in a research report on Thursday, October 19th. They issued an overweight rating and a $24.00 target price for the company. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $24.17.

Jernigan Capital (JCAP) opened at $17.12 on Thursday. The stock has a market capitalization of $244.34, a PE ratio of 11.73 and a beta of 0.66. Jernigan Capital has a 52-week low of $15.90 and a 52-week high of $24.89.

In other Jernigan Capital news, Director James D. Dondero sold 48,900 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $20.21, for a total transaction of $988,269.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James D. Dondero sold 23,000 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $19.27, for a total value of $443,210.00. The disclosure for this sale can be found here. 3.18% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its stake in shares of Jernigan Capital by 0.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 42,644 shares of the real estate investment trust’s stock valued at $938,000 after purchasing an additional 249 shares during the period. American International Group Inc. grew its stake in shares of Jernigan Capital by 51.2% during the 3rd quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 2,943 shares during the period. US Bancorp DE grew its stake in shares of Jernigan Capital by 99.9% during the 4th quarter. US Bancorp DE now owns 9,343 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 4,669 shares during the period. D.A. Davidson & CO. bought a new stake in shares of Jernigan Capital during the 2nd quarter valued at about $102,000. Finally, Summit Asset Management LLC grew its stake in shares of Jernigan Capital by 6.4% during the 3rd quarter. Summit Asset Management LLC now owns 83,678 shares of the real estate investment trust’s stock valued at $1,720,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 69.39% of the company’s stock.

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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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Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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