Jernigan Capital Inc (NYSE:JCAP) was the target of a significant growth in short interest during the month of November. As of November 29th, there was short interest totalling 1,420,000 shares, a growth of 6.8% from the November 14th total of 1,330,000 shares. Approximately 6.7% of the company’s shares are short sold. Based on an average daily volume of 220,300 shares, the days-to-cover ratio is currently 6.4 days.
Several equities research analysts have recently issued reports on JCAP shares. Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. TheStreet cut Jernigan Capital from a “b-” rating to a “c” rating in a report on Monday, November 18th. B. Riley set a $26.00 price objective on Jernigan Capital and gave the stock a “buy” rating in a report on Wednesday, September 18th. Finally, ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Jernigan Capital currently has an average rating of “Hold” and a consensus price target of $23.50.
A number of institutional investors have recently modified their holdings of the stock. Strs Ohio boosted its holdings in Jernigan Capital by 16.7% in the second quarter. Strs Ohio now owns 5,600 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 800 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Jernigan Capital by 53.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,831 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 981 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Jernigan Capital by 3.6% in the third quarter. California State Teachers Retirement System now owns 33,250 shares of the real estate investment trust’s stock valued at $640,000 after acquiring an additional 1,165 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Jernigan Capital in the second quarter valued at $27,000. Finally, Russell Investments Group Ltd. boosted its holdings in Jernigan Capital by 3.2% in the third quarter. Russell Investments Group Ltd. now owns 66,886 shares of the real estate investment trust’s stock valued at $1,289,000 after acquiring an additional 2,060 shares during the last quarter. Hedge funds and other institutional investors own 67.80% of the company’s stock.
Jernigan Capital stock traded up $0.15 during midday trading on Friday, reaching $17.70. The stock had a trading volume of 269,687 shares, compared to its average volume of 196,539. Jernigan Capital has a twelve month low of $17.21 and a twelve month high of $22.20. The stock has a market capitalization of $393.59 million, a PE ratio of 7.14 and a beta of 0.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 0.25. The stock’s 50-day simple moving average is $17.90 and its 200 day simple moving average is $19.45.
Jernigan Capital Company Profile
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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