Shares of Jernigan Capital Inc (NYSE:JCAP) have received a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $24.20.

JCAP has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Jernigan Capital from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. B. Riley set a $25.00 price objective on shares of Jernigan Capital and gave the company a “buy” rating in a report on Friday, December 29th. KeyCorp set a $22.00 price objective on shares of Jernigan Capital and gave the company a “buy” rating in a report on Tuesday, March 6th. Finally, ValuEngine cut shares of Jernigan Capital from a “buy” rating to a “hold” rating in a report on Thursday, November 30th.

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Jernigan Capital (JCAP) traded down $0.08 during trading on Friday, hitting $18.06. 80,967 shares of the stock traded hands, compared to its average volume of 134,053. The company has a market capitalization of $262.22, a PE ratio of 16.13 and a beta of 0.69. Jernigan Capital has a twelve month low of $15.90 and a twelve month high of $24.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, April 2nd will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 7.75%. The ex-dividend date is Thursday, March 29th. Jernigan Capital’s dividend payout ratio (DPR) is presently 125.00%.

In related news, Director James D. Dondero sold 23,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $19.27, for a total transaction of $443,210.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.18% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Sterling Capital Management LLC bought a new stake in Jernigan Capital during the fourth quarter worth approximately $802,000. Lido Advisors LLC boosted its holdings in Jernigan Capital by 43.6% during the fourth quarter. Lido Advisors LLC now owns 111,998 shares of the real estate investment trust’s stock worth $2,129,000 after buying an additional 33,998 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Jernigan Capital by 24.2% during the fourth quarter. TIAA CREF Investment Management LLC now owns 31,063 shares of the real estate investment trust’s stock worth $591,000 after buying an additional 6,059 shares in the last quarter. Teachers Advisors LLC boosted its holdings in Jernigan Capital by 25.1% during the fourth quarter. Teachers Advisors LLC now owns 23,613 shares of the real estate investment trust’s stock worth $449,000 after buying an additional 4,742 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in Jernigan Capital by 22.7% during the fourth quarter. Raymond James & Associates now owns 109,953 shares of the real estate investment trust’s stock worth $2,090,000 after buying an additional 20,321 shares in the last quarter. Hedge funds and other institutional investors own 72.10% of the company’s stock.

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About Jernigan Capital

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.

Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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