Jernigan Capital (NASDAQ:JCAP) Shares Gap Down – Here’s What Happened

Jernigan Capital, Inc. (NASDAQ:JCAP)’s share price gapped down before the market opened on Monday . The stock had previously closed at $19.61, but opened at $18.76. Jernigan Capital shares last traded at $18.85, with a volume of 2,694 shares traded.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JCAP shares. Zacks Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.20.

Jernigan Capital Stock Down 1.4%

The stock has a fifty day moving average of $18.09 and a two-hundred day moving average of $20.11. The stock has a market cap of $1.03 billion and a price-to-earnings ratio of 7.17.

Jernigan Capital (NASDAQ:JCAP) last released its earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. The company had revenue of $154.80 million during the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%. On average, research analysts expect that Jernigan Capital, Inc. will post 2.53 EPS for the current year.

Jernigan Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, May 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $0.96 annualized dividend and a dividend yield of 5.2%. Jernigan Capital’s dividend payout ratio (DPR) is 37.07%.

Institutional Trading of Jernigan Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in Jernigan Capital by 95.9% during the first quarter. Bank of America Corp DE now owns 58,859 shares of the real estate investment trust’s stock worth $1,132,000 after buying an additional 28,815 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Jernigan Capital during the 1st quarter valued at approximately $266,000. North Reef Capital Management LP boosted its stake in shares of Jernigan Capital by 122.2% during the 1st quarter. North Reef Capital Management LP now owns 532,151 shares of the real estate investment trust’s stock worth $10,233,000 after acquiring an additional 292,678 shares in the last quarter. Punch & Associates Investment Management Inc. purchased a new stake in shares of Jernigan Capital during the 1st quarter worth approximately $21,458,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Jernigan Capital by 86.2% in the 1st quarter. Renaissance Technologies LLC now owns 178,032 shares of the real estate investment trust’s stock worth $3,424,000 after acquiring an additional 82,432 shares during the period.

Jernigan Capital Company Profile

Jernigan Capital 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 with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.