LSV Asset Management lifted its holdings in Jernigan Capital Inc (NYSE:JCAP) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 930,711 shares of the real estate investment trust’s stock after acquiring an additional 116,496 shares during the quarter. LSV Asset Management’s holdings in Jernigan Capital were worth $18,446,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in JCAP. Nisa Investment Advisors LLC acquired a new stake in shares of Jernigan Capital in the fourth quarter worth $224,000. American International Group Inc. increased its stake in shares of Jernigan Capital by 35.4% in the third quarter. American International Group Inc. now owns 11,927 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 3,116 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Jernigan Capital by 182.7% in the third quarter. MetLife Investment Advisors LLC now owns 13,798 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 8,918 shares during the period. Rhumbline Advisers increased its stake in shares of Jernigan Capital by 25.4% in the third quarter. Rhumbline Advisers now owns 16,417 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 3,329 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in shares of Jernigan Capital in the third quarter worth $364,000. Hedge funds and other institutional investors own 68.10% of the company’s stock.
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A number of research firms have recently weighed in on JCAP. Zacks Investment Research lowered shares of Jernigan Capital from a “hold” rating to a “sell” rating in a research note on Friday, December 14th. B. Riley set a $26.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a research note on Tuesday, October 30th. KeyCorp set a $23.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Finally, Raymond James increased their price objective on shares of Jernigan Capital from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $23.60.
JCAP stock opened at $21.76 on Friday. The firm has a market cap of $420.75 million, a P/E ratio of 20.15 and a beta of 0.59. Jernigan Capital Inc has a one year low of $16.75 and a one year high of $22.05.
In related news, Director James D. Dondero sold 19,081 shares of the firm’s stock in a transaction on Friday, December 14th. The shares were sold at an average price of $21.17, for a total transaction of $403,944.77. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.40% of the stock is currently owned by company insiders.
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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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