$4.06 Million in Sales Expected for Jernigan Capital Inc (JCAP) This Quarter

Brokerages expect Jernigan Capital Inc (NYSE:JCAP) to announce $4.06 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Jernigan Capital’s earnings, with the highest sales estimate coming in at $4.39 million and the lowest estimate coming in at $3.70 million. Jernigan Capital posted sales of $2.16 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 88%. The firm is expected to announce its next earnings report after the market closes on Wednesday, February 28th.

According to Zacks, analysts expect that Jernigan Capital will report full year sales of $4.06 million for the current financial year, with estimates ranging from $11.79 million to $14.40 million. For the next year, analysts expect that the company will post sales of $30.03 million per share, with estimates ranging from $26.08 million to $32.26 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Jernigan Capital.

A number of research analysts have recently commented on JCAP shares. B. Riley set a $25.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Friday, December 29th. Zacks Investment Research cut shares of Jernigan Capital from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. ValuEngine upgraded shares of Jernigan Capital from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Robert W. Baird reiterated a “buy” rating on shares of Jernigan Capital in a report on Friday, November 3rd. Finally, TheStreet cut shares of Jernigan Capital from a “b-” rating to a “c” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Jernigan Capital currently has a consensus rating of “Hold” and an average price target of $24.17.

Jernigan Capital (JCAP) opened at $16.13 on Wednesday. The company has a market cap of $232.63, a PE ratio of 11.01 and a beta of 0.66. Jernigan Capital has a 1-year low of $15.90 and a 1-year high of $24.89.

In other Jernigan Capital news, Director James D. Dondero sold 23,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $19.27, for a total transaction of $443,210.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James D. Dondero sold 48,900 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $20.21, for a total transaction of $988,269.00. The disclosure for this sale can be found here. 3.18% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its position in shares of Jernigan Capital by 0.6% during the second quarter. Goldman Sachs Group Inc. now owns 42,644 shares of the real estate investment trust’s stock valued at $938,000 after buying an additional 249 shares during the last quarter. American International Group Inc. lifted its position in shares of Jernigan Capital by 51.2% during the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock valued at $179,000 after buying an additional 2,943 shares during the last quarter. US Bancorp DE lifted its position in shares of Jernigan Capital by 99.9% during the fourth quarter. US Bancorp DE now owns 9,343 shares of the real estate investment trust’s stock valued at $178,000 after buying an additional 4,669 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of Jernigan Capital during the second quarter valued at about $102,000. Finally, Summit Asset Management LLC lifted its position in shares of Jernigan Capital by 6.4% during the third quarter. Summit Asset Management LLC now owns 83,678 shares of the real estate investment trust’s stock valued at $1,720,000 after buying an additional 5,000 shares during the last quarter. 69.39% of the stock is owned by institutional investors and hedge funds.

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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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