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Update On NSA And JCAP

|Includes: JCAP, National Storage Affiliates Trust (NSA)

Since writing my first article on National Storage Affiliates (NYSE: NSA) last week, here is how the REIT has performed relative to peers:

Source: Google Finance

As rates continued to rise, investors have become more bearish on REITs. However, NSA has managed to buck the trend. NSA is now trading above $20 and holding up well compared to peers.

In my latest article on Jernigan Capital (NYSE:JCAP), I break down the Company's lending model. Similar to NSA, I believe JCAP is undervalued at current levels. Here is a look at the JCAP chart:

Source: Google Finance

If JCAP can hold above their current support line, I believe the REIT could trade closer to my price target of $23 in the near future.

Disclosure: I am/we are long NSA, JCAP.