Zacks: Analysts Expect Jernigan Capital Inc (JCAP) Will Announce Quarterly Sales of $3.88 Million

Analysts expect that Jernigan Capital Inc (NYSE:JCAP) will announce $3.88 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Jernigan Capital’s earnings. The highest sales estimate is $4.39 million and the lowest is $3.55 million. Jernigan Capital reported sales of $2.16 million in the same quarter last year, which indicates a positive year-over-year growth rate of 79.6%. The firm is scheduled to announce its next earnings results on Wednesday, March 7th.

On average, analysts expect that Jernigan Capital will report full year sales of $3.88 million for the current financial year, with estimates ranging from $11.48 million to $14.40 million. For the next fiscal year, analysts forecast that the company will report sales of $27.59 million per share, with estimates ranging from $24.95 million to $31.74 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Jernigan Capital.

Jernigan Capital (NYSE:JCAP) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. Jernigan Capital had a net margin of 151.13% and a return on equity of 7.44%.

A number of equities analysts have recently commented on JCAP shares. Zacks Investment Research raised shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, October 23rd. BidaskClub raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a report on Monday, October 23rd. FBR & Co set a $25.00 target price on shares of Jernigan Capital and gave the company a “buy” rating in a report on Friday, October 13th. ValuEngine raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Jernigan Capital in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.17.

Shares of Jernigan Capital (NYSE:JCAP) traded up $0.11 during trading on Friday, hitting $18.30. 105,109 shares of the stock were exchanged, compared to its average volume of 149,981. The firm has a market cap of $261.18, a PE ratio of 12.53 and a beta of 0.85. Jernigan Capital has a fifty-two week low of $18.09 and a fifty-two week high of $24.89.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 29th. This represents a $1.40 annualized dividend and a yield of 7.65%. Jernigan Capital’s dividend payout ratio is currently 95.89%.

In other Jernigan Capital news, Director James D. Dondero sold 48,900 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $20.21, for a total value of $988,269.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James D. Dondero sold 23,000 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $19.27, for a total transaction of $443,210.00. The disclosure for this sale can be found here. Insiders own 3.18% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Neuberger Berman Group LLC acquired a new position in Jernigan Capital in the 3rd quarter valued at $261,000. Cubist Systematic Strategies LLC increased its stake in Jernigan Capital by 79.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 22,361 shares of the real estate investment trust’s stock valued at $460,000 after buying an additional 9,913 shares during the period. First Allied Advisory Services Inc. purchased a new stake in shares of Jernigan Capital during the 3rd quarter worth $508,000. First Republic Investment Management Inc. purchased a new stake in shares of Jernigan Capital during the 3rd quarter worth $234,000. Finally, Uniplan Investment Counsel Inc. boosted its position in shares of Jernigan Capital by 18.8% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 645,887 shares of the real estate investment trust’s stock worth $13,272,000 after purchasing an additional 102,347 shares in the last quarter. 69.59% of the stock is currently owned by institutional investors.

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About Jernigan Capital

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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Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

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