Jernigan Capital, Inc. (NASDAQ:JCAP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $27.00.

A number of brokerages have recently issued reports on JCAP. Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd.

Jernigan Capital Stock Performance

Shares of NASDAQ JCAP opened at $19.30 on Friday. Jernigan Capital has a fifty-two week low of $15.50 and a fifty-two week high of $23.80. The company has a market cap of $1.19 billion and a price-to-earnings ratio of 7.45. The business’s 50 day moving average price is $17.75 and its 200-day moving average price is $19.78.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%.The company had revenue of $154.80 million for the quarter. Sell-side analysts predict that Jernigan Capital will post 2.53 earnings per share for the current year.

Jernigan Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, May 26th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.96 dividend on an annualized basis and a yield of 5.0%. Jernigan Capital’s payout ratio is 37.07%.

Institutional Trading of Jernigan Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Jernigan Capital by 64.9% during the fourth 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 purchasing an additional 715,258 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Jernigan Capital by 98.8% during the first 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 during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Jernigan Capital by 6.5% in 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. boosted its holdings in shares of Jernigan Capital by 5.6% in 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 in the 1st quarter worth approximately $21,458,000.

Jernigan Capital Company Profile

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.