MYDA Advisors LLC Sells 60,000 Shares of Jernigan Capital, Inc. $JCAP

MYDA Advisors LLC lowered its holdings in shares of Jernigan Capital, Inc. (NASDAQ:JCAP) by 40.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 90,000 shares of the real estate investment trust’s stock after selling 60,000 shares during the quarter. MYDA Advisors LLC’s holdings in Jernigan Capital were worth $2,011,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JCAP. New York State Common Retirement Fund bought a new position in shares of Jernigan Capital during the 4th quarter valued at $34,000. Quarry LP bought a new stake in Jernigan Capital in the 3rd quarter worth $38,000. State of Wyoming bought a new stake in Jernigan Capital in the 3rd quarter worth $60,000. BNP Paribas Financial Markets bought a new stake in Jernigan Capital in the 3rd quarter worth $60,000. Finally, Police & Firemen s Retirement System of New Jersey grew its holdings in Jernigan Capital by 133.1% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 1,921 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Zacks Research lowered shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Jernigan Capital has a consensus rating of “Moderate Buy” and an average price target of $25.20.

Jernigan Capital Price Performance

Shares of Jernigan Capital stock opened at $16.36 on Monday. The firm has a market cap of $906.64 million and a PE ratio of 6.32. Jernigan Capital, Inc. has a 12-month low of $15.50 and a 12-month high of $23.80. The company’s fifty day simple moving average is $18.71 and its two-hundred day simple moving average is $20.43.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $154.80 million for the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. As a group, sell-side analysts expect that Jernigan Capital, Inc. will post 2.53 earnings per share for the current fiscal year.

Jernigan Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.9%. Jernigan Capital’s payout ratio is presently 37.07%.

About Jernigan Capital

Jernigan Capital is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners and operators of self-storage facilities with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.