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Jernigan Capital Inc (NYSE:JCAP) has been downgraded to Hold in a statement by BidaskClub earlier today.

Having a price of $21.34, Jernigan Capital Inc (NYSE:JCAP) traded -1.44% lower on the day. With the last stock price down -7.55% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same period. JCAP has recorded a 50-day average of $21.69 and a two hundred day average of $22.25. Trade Volume was down over the average, with 204,819 shares of JCAP changing hands under the typical 216,689

BidaskClub has downgraded Jernigan Capital Inc (NYSE:JCAP) to Hold in a statement released on Saturday July 08, 2017.

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Jernigan Capital Inc (NYSE:JCAP)

Jernigan Capital Inc has a 52 week low of $16.00 and a 52 week high of $24.89 with a P/E ratio of 11.02 The company’s market cap is currently $0.

In addition to BidaskClub reporting its target price, a total of 2 firms have issued a report on the stock. The consensus target price is $17.50 with 1 firm rating the stock a strong buy, 1 firm rating the stock a buy, 0 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Jernigan Capital Inc (NYSE:JCAP)

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. It generates cash flows from construction loans and operating property loans in the form of a fixed interest rate and origination fees. It originates various loans, such as bridge loans and credit lines. It has development property investments in Orlando, Atlanta, Tampa, Chicago and Miami. Its operating property loans are located in New Orleans, Newark, Nashville, Sacramento and Chicago. The Company conducts its investment activities through Jernigan Capital Operating Company, LLC. The Company is externally managed and advised by JCap Advisors, LLC.

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