ValuEngine downgraded shares of Jernigan Capital (NYSE:JCAP) from a hold rating to a sell rating in a report released on Friday morning.

Other research analysts have also issued reports about the company. TheStreet upgraded Jernigan Capital from a c+ rating to a b- rating in a report on Friday, June 8th. Zacks Investment Research upgraded Jernigan Capital from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Saturday, June 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Jernigan Capital presently has an average rating of Hold and an average target price of $23.40.

Shares of NYSE JCAP opened at $19.44 on Friday. Jernigan Capital has a twelve month low of $15.90 and a twelve month high of $21.74. The firm has a market capitalization of $376.45 million, a PE ratio of 13.50 and a beta of 0.56.

Jernigan Capital (NYSE:JCAP) last released its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.11. The firm had revenue of $7.24 million during the quarter, compared to analyst estimates of $6.99 million. Jernigan Capital had a return on equity of 9.18% and a net margin of 120.18%. sell-side analysts predict that Jernigan Capital will post 2.68 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be issued a $0.35 dividend. The ex-dividend date is Friday, September 28th. This represents a $1.40 dividend on an annualized basis and a yield of 7.20%. Jernigan Capital’s dividend payout ratio (DPR) is presently 129.63%.

In related news, insider John A. Good bought 1,595 shares of the firm’s stock in a transaction that occurred on Friday, August 3rd. The stock was purchased at an average cost of $18.53 per share, for a total transaction of $29,555.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Jernigan Capital by 7.0% during the 2nd quarter. BlackRock Inc. now owns 1,142,864 shares of the real estate investment trust’s stock worth $21,782,000 after buying an additional 74,364 shares during the last quarter. Highland Capital Management LP lifted its holdings in Jernigan Capital by 65.9% during the 2nd quarter. Highland Capital Management LP now owns 582,513 shares of the real estate investment trust’s stock worth $11,103,000 after buying an additional 231,359 shares during the last quarter. Real Estate Management Services LLC purchased a new stake in Jernigan Capital during the 2nd quarter worth about $10,754,000. Phocas Financial Corp. lifted its holdings in Jernigan Capital by 2,099.4% during the 2nd quarter. Phocas Financial Corp. now owns 532,898 shares of the real estate investment trust’s stock worth $10,157,000 after buying an additional 508,669 shares during the last quarter. Finally, Ranger Global Real Estate Advisors LLC lifted its holdings in Jernigan Capital by 1.6% during the 1st quarter. Ranger Global Real Estate Advisors LLC now owns 495,755 shares of the real estate investment trust’s stock worth $8,973,000 after buying an additional 7,736 shares during the last quarter. 67.06% of the stock is owned by 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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Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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