Jernigan Capital Inc (NYSE:JCAP) has received a consensus rating of “Buy” from the seven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.00.
Separately, Zacks Investment Research upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th.
A number of institutional investors and hedge funds have recently made changes to their positions in JCAP. Shoals Capital Management LP bought a new stake in Jernigan Capital in the fourth quarter worth $11,397,000. BlackRock Inc. increased its position in Jernigan Capital by 44.7% during the third quarter. BlackRock Inc. now owns 1,654,018 shares of the real estate investment trust’s stock valued at $31,906,000 after acquiring an additional 511,154 shares during the last quarter. Peregrine Capital Management LLC increased its position in Jernigan Capital by 308.7% during the fourth quarter. Peregrine Capital Management LLC now owns 408,856 shares of the real estate investment trust’s stock valued at $8,104,000 after acquiring an additional 308,822 shares during the last quarter. Vanguard Group Inc increased its position in Jernigan Capital by 19.1% during the third quarter. Vanguard Group Inc now owns 964,384 shares of the real estate investment trust’s stock valued at $18,603,000 after acquiring an additional 154,457 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Jernigan Capital by 19.1% during the third quarter. Vanguard Group Inc. now owns 964,384 shares of the real estate investment trust’s stock valued at $18,603,000 after acquiring an additional 154,457 shares during the last quarter. Institutional investors own 70.27% of the company’s stock.
Shares of JCAP opened at $21.10 on Thursday. Jernigan Capital has a fifty-two week low of $17.91 and a fifty-two week high of $22.20. The firm has a market capitalization of $459.16 million, a P/E ratio of 10.14 and a beta of 0.55. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.07.
Jernigan Capital (NYSE:JCAP) last announced its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.21. Jernigan Capital had a net margin of 170.35% and a return on equity of 20.04%. The company had revenue of $9.88 million for the quarter, compared to analysts’ expectations of $9.23 million. As a group, analysts anticipate that Jernigan Capital will post 1.69 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend is Friday, June 28th. Jernigan Capital’s dividend payout ratio is presently 67.31%.
Jernigan Capital Company Profile
Jernigan Capital, Inc is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.
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