Jernigan Capital Inc (NYSE:JCAP) has been assigned an average recommendation of “Buy” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.17.

JCAP has been the topic of a number of recent research reports. Zacks Investment Research upgraded Jernigan Capital from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, November 28th. Jefferies Group reiterated a “hold” rating and issued a $22.00 target price (down from $23.00) on shares of Jernigan Capital in a research note on Tuesday, September 26th. Robert W. Baird restated a “buy” rating on shares of Jernigan Capital in a research note on Friday, November 3rd. B. Riley set a $25.00 price objective on shares of Jernigan Capital and gave the company a “buy” rating in a research note on Tuesday. Finally, ValuEngine upgraded shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Monday, November 6th.

Jernigan Capital (NYSE:JCAP) opened at $20.03 on Thursday. The company has a market cap of $291.72, a price-to-earnings ratio of 13.81 and a beta of 0.85. Jernigan Capital has a 1-year low of $18.55 and a 1-year high of $24.89.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $1.40 annualized dividend and a dividend yield of 6.99%. Jernigan Capital’s dividend payout ratio is 95.89%.

In other news, Director James D. Dondero sold 48,900 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $20.21, for a total transaction of $988,269.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.18% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. D.A. Davidson & CO. acquired a new position in Jernigan Capital in the second quarter valued at about $102,000. Nationwide Fund Advisors bought a new stake in shares of Jernigan Capital in the second quarter worth about $119,000. UBS Group AG increased its holdings in shares of Jernigan Capital by 226.1% in the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 4,830 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of Jernigan Capital in the second quarter worth about $175,000. Finally, American International Group Inc. increased its holdings in shares of Jernigan Capital by 51.2% in the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 2,943 shares in the last quarter. 69.60% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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