Jernigan Capital Inc (JCAP) Receives Consensus Rating of “Hold” from Analysts

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.

Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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