Jernigan Capital Inc (JCAP) Receives Consensus Rating of “Hold” from Analysts
Shares of Jernigan Capital Inc (NYSE:JCAP) have been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $25.33.
A number of research firms recently weighed in on JCAP. TheStreet raised shares of Jernigan Capital from a “c+” rating to a “b” rating in a research note on Monday, June 26th. Raymond James Financial, Inc. reissued an “outperform” rating and set a $26.00 price target (up from $25.00) on shares of Jernigan Capital in a research note on Wednesday, June 28th. BidaskClub downgraded shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Jernigan Capital in a research note on Monday, May 15th.
Jernigan Capital (JCAP) traded up 0.64% on Monday, hitting $21.90. 127,194 shares of the company were exchanged. The firm has a market cap of $194.41 million, a price-to-earnings ratio of 10.02 and a beta of 0.87. The stock has a 50 day moving average price of $22.72 and a 200 day moving average price of $22.08. Jernigan Capital has a one year low of $13.71 and a one year high of $24.89.
Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.05. The business had revenue of $2.30 million during the quarter, compared to the consensus estimate of $2.26 million. Jernigan Capital had a net margin of 77.49% and a return on equity of 3.09%. On average, equities research analysts forecast that Jernigan Capital will post $1.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 3rd were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.39%. The ex-dividend date of this dividend was Thursday, June 29th. Jernigan Capital’s payout ratio is presently 58.33%.
In other news, Director James D. Dondero bought 100,000 shares of the stock in a transaction on Tuesday, June 27th. The stock was purchased at an average price of $22.00 per share, with a total value of $2,200,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.18% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Citadel Advisors LLC increased its stake in shares of Jernigan Capital by 27.8% in the first quarter. Citadel Advisors LLC now owns 18,786 shares of the real estate investment trust’s stock valued at $433,000 after buying an additional 4,091 shares during the last quarter. Morgan Stanley increased its stake in shares of Jernigan Capital by 71.9% in the first quarter. Morgan Stanley now owns 80,475 shares of the real estate investment trust’s stock valued at $1,854,000 after buying an additional 33,669 shares during the last quarter. UBS Group AG increased its stake in shares of Jernigan Capital by 226.1% in the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 4,830 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Jernigan Capital by 20.7% in the first quarter. Geode Capital Management LLC now owns 40,831 shares of the real estate investment trust’s stock valued at $940,000 after buying an additional 7,008 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Jernigan Capital by 7.3% in the first quarter. Vanguard Group Inc. now owns 315,974 shares of the real estate investment trust’s stock valued at $7,280,000 after buying an additional 21,631 shares during the last quarter. 33.12% of the stock is owned by hedge funds and other institutional investors.
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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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