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

Jernigan Capital, Inc. (NASDAQ:JCAP) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $25.20.

A number of brokerages have recently issued reports on JCAP. Weiss Ratings downgraded shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Zacks Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Jernigan Capital by 64.9% during the 4th quarter. Wellington Management Group LLP now owns 1,817,039 shares of the real estate investment trust’s stock valued at $40,593,000 after buying an additional 715,258 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Jernigan Capital by 98.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock valued at $29,558,000 after buying an additional 763,766 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Jernigan Capital by 6.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,484,109 shares of the real estate investment trust’s stock valued at $33,155,000 after buying an additional 89,967 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its stake in shares of Jernigan Capital by 5.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,287,509 shares of the real estate investment trust’s stock valued at $28,763,000 after buying an additional 68,341 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new position in shares of Jernigan Capital during the 1st quarter valued at $21,458,000.

Jernigan Capital Price Performance

Shares of JCAP stock opened at $16.97 on Tuesday. Jernigan Capital has a 1 year low of $15.50 and a 1 year high of $23.80. The firm has a fifty day moving average price of $18.41 and a 200-day moving average price of $20.26. The company has a market cap of $940.48 million and a price-to-earnings ratio of 6.55.

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 firm had revenue of $154.80 million during the quarter. Equities research analysts expect that Jernigan Capital will post 2.53 EPS for the current year.

Jernigan Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.7%. Jernigan Capital’s payout ratio 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.