John A. Good Purchases 5,000 Shares of Jernigan Capital Inc (JCAP) Stock
Jernigan Capital Inc (NYSE:JCAP) insider John A. Good acquired 5,000 shares of Jernigan Capital stock in a transaction on Monday, August 7th. The shares were bought at an average cost of $21.65 per share, with a total value of $108,250.00. Following the completion of the purchase, the insider now owns 217,308 shares in the company, valued at $4,704,718.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Jernigan Capital Inc (JCAP) traded down 1.76% during trading on Tuesday, hitting $21.22. The stock had a trading volume of 166,186 shares. The firm’s 50-day moving average is $22.26 and its 200-day moving average is $22.24. The firm has a market cap of $302.13 million, a P/E ratio of 11.41 and a beta of 0.84. Jernigan Capital Inc has a one year low of $16.00 and a one year high of $24.89.
Jernigan Capital (NYSE:JCAP) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.12. Jernigan Capital had a return on equity of 3.09% and a net margin of 77.49%. The company had revenue of $3.10 million during the quarter, compared to the consensus estimate of $2.53 million. During the same period in the previous year, the firm posted $0.99 earnings per share. Jernigan Capital’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts forecast that Jernigan Capital Inc will post $1.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.40 dividend on an annualized basis and a yield of 6.60%. Jernigan Capital’s payout ratio is currently 69.65%.
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JCAP has been the subject of several analyst reports. FBR & Co reaffirmed a “buy” rating and set a $25.00 price objective on shares of Jernigan Capital in a research note on Tuesday, May 30th. ValuEngine downgraded Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th. BidaskClub downgraded Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, TheStreet raised Jernigan Capital from a “c+” rating to a “b” rating in a research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $25.00.
A number of institutional investors have recently modified their holdings of JCAP. Bank of New York Mellon Corp boosted its stake in Jernigan Capital by 125.8% in the second quarter. Bank of New York Mellon Corp now owns 75,520 shares of the real estate investment trust’s stock worth $1,661,000 after buying an additional 42,072 shares during the period. Northpointe Capital LLC boosted its stake in Jernigan Capital by 32.4% in the second quarter. Northpointe Capital LLC now owns 257,220 shares of the real estate investment trust’s stock worth $5,659,000 after buying an additional 62,998 shares during the period. Rhumbline Advisers acquired a new stake in Jernigan Capital during the second quarter worth $224,000. Monarch Partners Asset Management LLC boosted its stake in Jernigan Capital by 84.5% in the second quarter. Monarch Partners Asset Management LLC now owns 23,970 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 10,980 shares during the period. Finally, Schwab Charles Investment Management Inc. acquired a new stake in Jernigan Capital during the second quarter worth $348,000. Institutional investors own 40.85% of the company’s stock.
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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