Jernigan Capital, Inc. (NYSE:JCAP) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.38 per share for the quarter.

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 Thomson Reuters’ consensus estimate of $0.38 by $0.12. Jernigan Capital had a net margin of 185.96% and a return on equity of 9.37%. The company had revenue of $3.10 million for the quarter, compared to the consensus estimate of $2.53 million. During the same quarter in the previous year, the company earned $0.99 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts expect Jernigan Capital to post $1.61 EPS for the current fiscal year and $2.98 EPS for the next fiscal year.

Shares of Jernigan Capital, Inc. (JCAP) opened at 21.34 on Tuesday. The stock has a 50 day moving average of $20.44 and a 200 day moving average of $21.55. Jernigan Capital, Inc. has a 52 week low of $17.01 and a 52 week high of $24.89. The firm has a market cap of $299.51 million, a P/E ratio of 11.44 and a beta of 0.88.

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Monday, October 2nd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date was Friday, September 29th. Jernigan Capital’s payout ratio is currently 69.65%.

A number of research analysts recently commented on JCAP shares. BidaskClub cut Jernigan Capital from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. ValuEngine cut Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $22.00 price objective (down from $23.00) on shares of Jernigan Capital in a research note on Tuesday, September 26th. FBR & Co reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Jernigan Capital in a research note on Thursday, September 14th. Finally, TheStreet lowered Jernigan Capital from a “b” rating to a “c” rating in a research note on Monday, August 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.20.

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In other news, Director Harry J. Thie purchased 1,650 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were purchased at an average cost of $21.25 per share, with a total value of $35,062.50. Following the completion of the purchase, the director now owns 17,223 shares of the company’s stock, valued at approximately $365,988.75. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John A. Good purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of $21.65 per share, for a total transaction of $108,250.00. Following the completion of the purchase, the insider now directly owns 217,308 shares of the company’s stock, valued at approximately $4,704,718.20. The disclosure for this purchase can be found here. Insiders purchased 10,600 shares of company stock worth $222,416 over the last ninety days. 3.18% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Jernigan Capital stock. The Manufacturers Life Insurance Company purchased a new stake in shares of Jernigan Capital, Inc. (NYSE:JCAP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,942 shares of the real estate investment trust’s stock, valued at approximately $175,000. The Manufacturers Life Insurance Company owned approximately 0.06% of Jernigan Capital at the end of the most recent quarter. Hedge funds and other institutional investors own 60.65% 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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