Jernigan Capital (JCAP) Receiving Somewhat Positive Press Coverage, Study Shows
Media stories about Jernigan Capital (NYSE:JCAP) have been trending somewhat positive this week, AlphaOne Sentiment Analysis reports. The research group, a division of Accern, scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Jernigan Capital earned a daily sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned press coverage about the real estate investment trust an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected Alpha One Sentiment’s rankings:
- Jernigan Capital (JCAP) vs. Monmouth Real Estate Investment Corporation (MNR) Head to Head Survey (americanbankingnews.com)
- Jernigan Capital closes $10.3 mln Petersburg, Florida self-storage development project (pehub.com)
- Jernigan expands in Florida with another multimillion-dollar deal (finance.yahoo.com)
- Jernigan Capital, Inc. Closes St. Petersburg Self-Storage Development Investment (finance.yahoo.com)
A number of research analysts have recently weighed in on the stock. FBR & Co raised their price objective on shares of Jernigan Capital from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Thursday, March 2nd. Zacks Investment Research raised shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, February 28th. Finally, Jefferies Group LLC assumed coverage on shares of Jernigan Capital in a research note on Monday, April 24th. They set a “hold” rating and a $25.00 price objective for the company.
Shares of Jernigan Capital (NYSE JCAP) traded up 1.88% on Friday, hitting $23.87. 339,981 shares of the stock were exchanged. The company has a market cap of $211.89 million, a P/E ratio of 10.92 and a beta of 0.87. The firm’s 50-day moving average is $22.61 and its 200-day moving average is $21.86. Jernigan Capital has a one year low of $13.50 and a one year high of $24.71.
Jernigan Capital (NYSE:JCAP) last released its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Jernigan Capital had a net margin of 216.88% and a return on equity of 12.63%. The business had revenue of $2.30 million for the quarter, compared to the consensus estimate of $2.26 million. On average, equities analysts forecast that Jernigan Capital will post $1.83 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Monday, July 3rd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.87%. Jernigan Capital’s payout ratio is currently 58.33%.
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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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