Jernigan Capital, Inc. (JCAP) Given Average Recommendation of “Hold” by Analysts
Shares of Jernigan Capital, Inc. (NYSE:JCAP) have been assigned an average rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.33.
Several equities analysts have recently issued reports on the company. TheStreet raised Jernigan Capital from a “c+” rating to a “b” rating in a research report on Monday, June 26th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a $26.00 price target (up previously from $25.00) on shares of Jernigan Capital in a research report on Wednesday, June 28th. FBR & Co reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jernigan Capital in a research report on Tuesday, May 30th. Zacks Investment Research lowered Jernigan Capital from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. Finally, BidaskClub upgraded Jernigan Capital from a “hold” rating to a “buy” rating in a report on Thursday, July 20th.
Shares of Jernigan Capital (NYSE JCAP) opened at 20.23 on Friday. The stock has a 50 day moving average of $19.83 and a 200 day moving average of $19.83. The company has a market cap of $283.93 million, a price-to-earnings ratio of 10.84 and a beta of 0.86. Jernigan Capital has a 1-year low of $16.03 and a 1-year high of $23.18.
Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.12. The firm had revenue of $3.10 million during the quarter, compared to analyst estimates of $2.53 million. Jernigan Capital had a return on equity of 9.37% and a net margin of 185.96%. Jernigan Capital’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. On average, equities analysts forecast that Jernigan Capital will post $1.59 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.40 annualized dividend and a yield of 6.92%. Jernigan Capital’s payout ratio is 69.65%.
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In other Jernigan Capital news, Director Howard A. Silver acquired 2,481 shares of Jernigan Capital stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average cost of $20.15 per share, for a total transaction of $49,992.15. Following the acquisition, the director now owns 15,704 shares of the company’s stock, valued at $316,435.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James D. Dondero acquired 100,000 shares of Jernigan Capital stock in a transaction that occurred on Tuesday, June 27th. The stock was acquired at an average price of $22.00 per share, with a total value of $2,200,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 110,600 shares of company stock valued at $2,422,416 over the last quarter. 3.18% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JCAP. D.A. Davidson & CO. bought a new stake in Jernigan Capital in the 2nd quarter worth about $102,000. Nationwide Fund Advisors bought a new stake in Jernigan Capital in the 2nd quarter worth about $119,000. UBS Group AG increased its holdings in Jernigan Capital by 226.1% in the 1st quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 4,830 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Jernigan Capital in the 2nd quarter worth about $175,000. Finally, Tower Research Capital LLC TRC increased its holdings in Jernigan Capital by 1,579.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,458 shares of the real estate investment trust’s stock worth $208,000 after buying an additional 8,895 shares in the last quarter. Institutional investors own 60.64% 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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