Jernigan Capital, Inc. Plans Quarterly Dividend of $0.24 (NASDAQ:JCAP)

Jernigan Capital, Inc. (NASDAQ:JCAP) declared a quarterly dividend on Wednesday, May 13th, NASDAQ Dividends reports. Investors of record on Tuesday, May 26th will be paid a dividend of 0.24 per share by the real estate investment trust on Thursday, June 4th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, May 26th.

Jernigan Capital Stock Down 0.6%

Shares of JCAP opened at $17.29 on Friday. Jernigan Capital has a 12-month low of $15.98 and a 12-month high of $23.80. The firm has a market capitalization of $958.21 million and a price-to-earnings ratio of 6.68. The stock’s 50-day moving average price is $19.67 and its 200 day moving average price is $20.84.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Weiss Ratings lowered Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Texas Capital upgraded Jernigan Capital to a “strong-buy” rating in a research note on Tuesday, February 10th. Finally, Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.20.

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.