Jernigan Capital, Inc. (NASDAQ:JCAP) Given Average Rating of “Moderate Buy” by Analysts

Jernigan Capital, Inc. (NASDAQ:JCAP) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.20.

JCAP has been the topic of a number of research reports. Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Texas Capital upgraded shares of Jernigan Capital to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings cut Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th.

Institutional Investors Weigh In On Jernigan Capital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new position in Jernigan Capital during the fourth quarter valued at $34,000. Strs Ohio purchased a new stake in shares of Jernigan Capital in the 3rd quarter worth about $36,000. Quarry LP purchased a new stake in shares of Jernigan Capital in the 3rd quarter worth about $38,000. State of Wyoming bought a new position in shares of Jernigan Capital in the 3rd quarter worth about $60,000. Finally, BNP Paribas Financial Markets purchased a new position in Jernigan Capital during the 3rd quarter valued at about $60,000.

Jernigan Capital Stock Down 0.1%

Shares of JCAP stock opened at $17.15 on Friday. The stock has a fifty day moving average of $19.43 and a 200 day moving average of $20.80. Jernigan Capital has a 52 week low of $15.98 and a 52 week high of $23.80. The firm has a market capitalization of $950.45 million and a price-to-earnings ratio of 6.62.

Jernigan Capital (NASDAQ:JCAP) last issued its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. The business had revenue of $154.80 million for the quarter. Equities research analysts anticipate that Jernigan Capital will post 2.79 earnings per share for the current year.

Jernigan Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Tuesday, May 26th. Jernigan Capital’s dividend payout ratio (DPR) is presently 37.07%.

About Jernigan Capital

Jernigan Capital 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 with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.