Brokerages expect Jernigan Capital Inc (NYSE:JCAP) to report $3.88 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Jernigan Capital’s earnings. The highest sales estimate is $4.39 million and the lowest is $3.55 million. Jernigan Capital reported sales of $2.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 79.6%. The company is expected to issue its next earnings results on Wednesday, March 7th.

On average, analysts expect that Jernigan Capital will report full year sales of $3.88 million for the current year, with estimates ranging from $11.48 million to $14.40 million. For the next fiscal year, analysts expect that the firm will post sales of $27.59 million per share, with estimates ranging from $24.95 million to $31.74 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Jernigan Capital.

Jernigan Capital (NYSE:JCAP) last posted its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Jernigan Capital had a return on equity of 7.44% and a net margin of 151.13%.

A number of research analysts have issued reports on the company. BidaskClub raised Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. ValuEngine cut Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research raised Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, October 17th. B. Riley reissued a “buy” rating on shares of Jernigan Capital in a research note on Wednesday, November 1st. Finally, KeyCorp started coverage on Jernigan Capital in a research report on Thursday, October 19th. They set an “overweight” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $24.17.

In related news, Director James D. Dondero sold 23,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $19.27, for a total transaction of $443,210.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James D. Dondero sold 48,900 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.21, for a total value of $988,269.00. The disclosure for this sale can be found here. 3.18% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JCAP. D.A. Davidson & CO. acquired a new position in Jernigan Capital during the second quarter valued at approximately $102,000. Nationwide Fund Advisors acquired a new position in Jernigan Capital during the second quarter valued at approximately $119,000. The Manufacturers Life Insurance Company acquired a new position in Jernigan Capital during the second quarter valued at approximately $175,000. American International Group Inc. boosted its position in Jernigan Capital by 51.2% during the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 2,943 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Jernigan Capital by 2,347.8% during the third quarter. JPMorgan Chase & Co. now owns 8,763 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 8,405 shares during the last quarter. 69.59% of the stock is owned by hedge funds and other institutional investors.

Jernigan Capital (NYSE:JCAP) traded up $0.11 during trading hours on Friday, reaching $18.30. The company’s stock had a trading volume of 105,109 shares, compared to its average volume of 149,981. Jernigan Capital has a 1 year low of $18.09 and a 1 year high of $24.89. The firm has a market capitalization of $261.18, a PE ratio of 12.53 and a beta of 0.85.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd were given a dividend of $0.35 per share. The ex-dividend date was Friday, December 29th. This represents a $1.40 annualized dividend and a dividend yield of 7.65%. Jernigan Capital’s dividend payout ratio is currently 95.89%.

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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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Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

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