Jernigan Capital Inc (NYSE:JCAP) has been given an average recommendation of “Hold” by the ten research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $24.20.
A number of research firms have recently commented on JCAP. TheStreet downgraded shares of Jernigan Capital from a “b-” rating to a “c+” rating in a research note on Thursday, May 3rd. Zacks Investment Research downgraded shares of Jernigan Capital from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 9th. ValuEngine downgraded shares of Jernigan Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. B. Riley set a $26.00 price objective on shares of Jernigan Capital and gave the company a “buy” rating in a research note on Friday, March 9th. Finally, KeyCorp set a $22.00 price objective on shares of Jernigan Capital and gave the company a “buy” rating in a research note on Tuesday, March 6th.
In other Jernigan Capital news, insider John A. Good bought 2,110 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The stock was purchased at an average price of $19.15 per share, with a total value of $40,406.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have purchased 4,335 shares of company stock valued at $79,107. Corporate insiders own 2.40% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE grew its position in Jernigan Capital by 99.9% in the fourth quarter. US Bancorp DE now owns 9,343 shares of the real estate investment trust’s stock valued at $178,000 after acquiring an additional 4,669 shares in the last quarter. Virtu Financial LLC acquired a new stake in Jernigan Capital in the fourth quarter valued at approximately $201,000. Barclays PLC grew its position in Jernigan Capital by 108.8% in the first quarter. Barclays PLC now owns 14,547 shares of the real estate investment trust’s stock valued at $263,000 after acquiring an additional 7,581 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Jernigan Capital in the fourth quarter valued at approximately $264,000. Finally, California State Teachers Retirement System grew its position in Jernigan Capital by 30.5% in the third quarter. California State Teachers Retirement System now owns 21,400 shares of the real estate investment trust’s stock valued at $440,000 after acquiring an additional 5,000 shares in the last quarter. 69.22% of the stock is owned by hedge funds and other institutional investors.
NYSE JCAP opened at $19.90 on Thursday. Jernigan Capital has a 12 month low of $15.90 and a 12 month high of $24.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.19 and a quick ratio of 5.19. The stock has a market cap of $283.18 million, a PE ratio of 18.43 and a beta of 0.56.
Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Jernigan Capital had a net margin of 118.85% and a return on equity of 6.59%. The company had revenue of $5.22 million for the quarter, compared to analyst estimates of $4.93 million. analysts expect that Jernigan Capital will post 2.96 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Monday, July 2nd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date is Friday, June 29th. Jernigan Capital’s dividend payout ratio (DPR) is presently 129.63%.
About Jernigan Capital
Jernigan Capital, Inc 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. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.
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