Jernigan Capital, Inc. (JCAP) Downgraded to “C” at TheStreet

TheStreet lowered shares of Jernigan Capital, Inc. (NYSE:JCAP) from a b- rating to a c rating in a research note published on Friday morning.

A number of other brokerages also recently issued reports on JCAP. Jefferies Group LLC reissued a hold rating and set a $22.00 price target (down previously from $23.00) on shares of Jernigan Capital in a research report on Tuesday, September 26th. Robert W. Baird reaffirmed a buy rating on shares of Jernigan Capital in a report on Friday, November 3rd. BidaskClub raised Jernigan Capital from a hold rating to a buy rating in a report on Thursday, July 20th. Zacks Investment Research downgraded Jernigan Capital from a buy rating to a hold rating in a report on Friday, October 20th. Finally, ValuEngine downgraded Jernigan Capital from a strong-buy rating to a buy rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $24.33.

Shares of Jernigan Capital (NYSE:JCAP) traded down $0.29 during midday trading on Friday, hitting $20.02. The stock had a trading volume of 315,100 shares, compared to its average volume of 154,937. The company has a market capitalization of $283.20 and a price-to-earnings ratio of 13.72. Jernigan Capital has a one year low of $17.98 and a one year high of $24.89.

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The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.40 dividend on an annualized basis and a yield of 6.99%. Jernigan Capital’s dividend payout ratio (DPR) is currently 97.22%.

Several hedge funds and other institutional investors have recently made changes to their positions in JCAP. Morgan Stanley raised its holdings in shares of Jernigan Capital by 71.9% in the 1st quarter. Morgan Stanley now owns 80,475 shares of the real estate investment trust’s stock worth $1,854,000 after purchasing an additional 33,669 shares during the period. Uniplan Investment Counsel Inc. raised its holdings in shares of Jernigan Capital by 212.5% in the 2nd quarter. Uniplan Investment Counsel Inc. now owns 543,540 shares of the real estate investment trust’s stock worth $11,414,000 after purchasing an additional 369,588 shares during the period. Monarch Partners Asset Management LLC raised its holdings in Jernigan Capital by 84.5% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 23,970 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 10,980 shares during the period. KRV Capital LP bought a new stake in Jernigan Capital during the 2nd quarter valued at $3,516,000. Finally, Ranger Global Real Estate Advisors LLC raised its holdings in Jernigan Capital by 201.8% during the 2nd quarter. Ranger Global Real Estate Advisors LLC now owns 494,961 shares of the real estate investment trust’s stock valued at $10,889,000 after acquiring an additional 330,936 shares during the period. Hedge funds and other institutional investors own 60.18% 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.

Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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