B. Riley Reiterates “$25.00” Price Target for Jernigan Capital, Inc. (JCAP)
B. Riley set a $25.00 target price on Jernigan Capital, Inc. (NYSE:JCAP) in a report issued on Tuesday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for Jernigan Capital’s Q4 2017 earnings at $0.60 EPS, FY2017 earnings at $1.59 EPS, Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.88 EPS, Q3 2018 earnings at $1.27 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $2.53 EPS, Q1 2019 earnings at $0.61 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.55 EPS and FY2019 earnings at $2.21 EPS.
A number of other analysts have also issued reports on JCAP. BidaskClub lowered Jernigan Capital from a sell rating to a strong sell rating in a research report on Thursday, August 24th. Jefferies Group LLC reissued a hold rating and issued a $22.00 target price (down previously from $23.00) on shares of Jernigan Capital in a research report on Tuesday, September 26th. FBR & Co reissued a buy rating and issued a $25.00 target price on shares of Jernigan Capital in a research report on Thursday, September 14th. Robert W. Baird reissued a buy rating on shares of Jernigan Capital in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised Jernigan Capital from a sell rating to a hold rating in a research report on Thursday, August 17th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $24.33.
Shares of Jernigan Capital (JCAP) traded down $0.11 during midday trading on Tuesday, reaching $20.15. The company’s stock had a trading volume of 161,274 shares, compared to its average volume of 141,749. The stock has a market capitalization of $285.20 and a price-to-earnings ratio of 13.55. Jernigan Capital has a 52 week low of $17.98 and a 52 week high of $24.89.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date of this dividend is Friday, December 29th. Jernigan Capital’s dividend payout ratio is currently 97.22%.
Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in shares of Jernigan Capital by 0.6% during the second quarter. Goldman Sachs Group Inc. now owns 42,644 shares of the real estate investment trust’s stock worth $938,000 after acquiring an additional 249 shares during the period. Bank of New York Mellon Corp increased its position in shares of Jernigan Capital by 3.5% during the first quarter. Bank of New York Mellon Corp now owns 33,448 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 1,138 shares during the period. NFC Investments LLC increased its position in shares of Jernigan Capital by 0.7% during the second quarter. NFC Investments LLC now owns 231,604 shares of the real estate investment trust’s stock worth $5,095,000 after acquiring an additional 1,700 shares during the period. American International Group Inc. increased its position in shares of Jernigan Capital by 51.2% during the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 2,943 shares during the period. Finally, D.A. Davidson & CO. purchased a new stake in shares of Jernigan Capital during the second quarter worth $102,000. 60.18% of the stock is currently owned by institutional investors and hedge funds.
Jernigan Capital Company Profile
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.
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