Jernigan Capital (JCAP) Receives News Impact Score of 0.19
Headlines about Jernigan Capital (NYSE:JCAP) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Jernigan Capital earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.3172991704016 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Shares of Jernigan Capital (NYSE:JCAP) traded up 0.39% during midday trading on Friday, reaching $20.61. 142,268 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $20.20 and a 200 day moving average price of $20.20. Jernigan Capital has a 12 month low of $17.01 and a 12 month high of $23.18. The firm has a market cap of $289.26 million, a PE ratio of 11.05 and a beta of 0.89.
Jernigan Capital (NYSE:JCAP) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.12. Jernigan Capital had a net margin of 185.96% and a return on equity of 9.37%. The firm had revenue of $3.10 million during the quarter, compared to the consensus estimate of $2.53 million. During the same period in the prior year, the firm earned $0.99 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that Jernigan Capital will post $1.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 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 6.79%. The ex-dividend date is Friday, September 29th. Jernigan Capital’s dividend payout ratio is currently 69.65%.
Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. Jefferies Group LLC restated a “hold” rating and set a $22.00 price objective (down from $23.00) on shares of Jernigan Capital in a research report on Tuesday, September 26th. FBR & Co restated a “buy” rating and set a $25.00 price objective on shares of Jernigan Capital in a research report on Thursday, September 14th. TheStreet downgraded shares of Jernigan Capital from a “b” rating to a “c” rating in a research report on Monday, August 21st. Finally, Zacks Investment Research upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Thursday, August 17th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.33.
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In related news, insider John A. Good bought 5,000 shares of Jernigan Capital stock in a transaction dated Monday, August 7th. The stock was purchased at an average cost of $21.65 per share, with a total value of $108,250.00. Following the transaction, the insider now directly owns 217,308 shares of the company’s stock, valued at $4,704,718.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Howard A. Silver bought 2,481 shares of Jernigan Capital stock in a transaction dated Friday, August 11th. The shares were bought at an average cost of $20.15 per share, with a total value of $49,992.15. Following the completion of the transaction, the director now directly owns 15,704 shares in the company, valued at $316,435.60. The disclosure for this purchase can be found here. Insiders have bought a total of 10,600 shares of company stock valued at $222,416 over the last three months. Insiders own 3.18% of the company’s stock.
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.
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