Jernigan Capital Inc (JCAP) was Initiated by FBR Capital to “Outperform”. FBR Capital advised their investors in a research report released on Jun 23, 2016.
Many Wall Street Analysts have commented on Jernigan Capital Inc. Shares were Downgraded by Wunderlich on Apr 6, 2016 to ” Sell” and Lowered the Price Target to $ 10 from a previous price target of $18 .
Jernigan Capital Inc closed down -0.04 points or -0.28% at $14 with 11,813 shares getting traded on Tuesday. Post opening the session at $14.1, the shares hit an intraday low of $13.85 and an intraday high of $14.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Jun 13, 2016, William C. Drummond (CFO) purchased 1,012 shares at $15.29 per share price. According to the SEC, on Jun 1, 2016, Harry J. Thie (director) purchased 1,250 shares at $14.18 per share price. On Mar 11, 2016, John A Good (COO) purchased 2,300 shares at $15.60 per share price, according to the Form-4 filing with the securities and exchange commission.
Jernigan Capital Inc. is a commercial real estate finance company that lends to private developers owners and operators of self-storage facilities. The Company focuses primarily on originating development loans and stabilized asset loans. It originates a portfolio of development acquisition and refinance loans secured by self-storage facilities. The Company’s development loans are used to finance ground-up construction of self-storage facilities or major self-storage redevelopment opportunities and these loans are funded over time as the developer completes the project. Its stabilized asset loans are used to finance the acquisition of refinance existing indebtedness on or recapitalize stabilized self-storage facilities. Refinanced indebtedness includes bank loans or loans included in commercial mortgage-backed securities or CMBS pools. The Company is managed and advised by JCap Advisors LLC.