LSV Asset Management Has $1.86 Million Holdings in Jernigan Capital, Inc. (JCAP)
LSV Asset Management raised its stake in shares of Jernigan Capital, Inc. (NYSE:JCAP) by 240.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 84,513 shares of the real estate investment trust’s stock after purchasing an additional 59,709 shares during the period. LSV Asset Management owned 0.59% of Jernigan Capital worth $1,859,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in JCAP. UBS Group AG grew its holdings in Jernigan Capital by 226.1% during the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 4,830 shares during the last quarter. Rhumbline Advisers acquired a new position in Jernigan Capital during the second quarter valued at approximately $224,000. Segantii Capital Management Ltd grew its holdings in Jernigan Capital by 581.3% during the first quarter. Segantii Capital Management Ltd now owns 10,900 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 9,300 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in Jernigan Capital during the second quarter valued at approximately $348,000. Finally, Citadel Advisors LLC grew its holdings in Jernigan Capital by 27.8% during the first quarter. Citadel Advisors LLC now owns 18,786 shares of the real estate investment trust’s stock valued at $433,000 after purchasing an additional 4,091 shares during the last quarter. Institutional investors own 60.64% of the company’s stock.
In other Jernigan Capital news, insider John A. Good bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were acquired at an average cost of $21.65 per share, with a total value of $108,250.00. Following the acquisition, the insider now 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director James D. Dondero bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $2,200,000.00. The disclosure for this purchase can be found here. Insiders have purchased a total of 110,600 shares of company stock worth $2,422,416 over the last three months. 3.18% of the stock is owned by insiders.
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Several equities analysts have commented on JCAP shares. Raymond James Financial, Inc. reiterated an “outperform” rating and set a $26.00 price target (up previously from $25.00) on shares of Jernigan Capital in a report on Wednesday, June 28th. BidaskClub upgraded Jernigan Capital from a “hold” rating to a “buy” rating in a report on Thursday, July 20th. ValuEngine downgraded Jernigan Capital from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. TheStreet downgraded Jernigan Capital from a “b” rating to a “c” rating in a report on Monday, August 21st. Finally, FBR & Co reiterated a “buy” rating and set a $25.00 price target on shares of Jernigan Capital in a report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $25.00.
Shares of Jernigan Capital, Inc. (NYSE:JCAP) opened at 20.06 on Friday. The company has a market capitalization of $281.54 million, a PE ratio of 10.75 and a beta of 0.86. The stock has a 50 day moving average price of $19.83 and a 200 day moving average price of $19.83. Jernigan Capital, Inc. has a 52-week low of $16.03 and a 52-week high of $23.18.
Jernigan Capital (NYSE:JCAP) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.12. The business had revenue of $3.10 million for the quarter, compared to analyst estimates of $2.53 million. Jernigan Capital had a return on equity of 9.37% and a net margin of 185.96%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.99 EPS. On average, analysts predict that Jernigan Capital, Inc. will post $1.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be issued 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, September 29th. Jernigan Capital’s payout ratio is presently 69.65%.
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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