Brokerages Set Jernigan Capital, Inc. (NASDAQ:JCAP) Price Target at $25.20

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.20.

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

Jernigan Capital Trading Up 5.5%

JCAP stock opened at $19.22 on Tuesday. The stock’s fifty day simple moving average is $18.25 and its two-hundred day simple moving average is $20.19. Jernigan Capital has a 1-year low of $15.50 and a 1-year high of $23.80. The stock has a market cap of $1.07 billion and a P/E ratio of 7.42.

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

Jernigan Capital Dividend Announcement

The company also recently declared 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Jernigan Capital’s dividend payout ratio is currently 37.07%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. William Blair Investment Management LLC lifted its position 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 during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Jernigan Capital by 103.2% during the 1st quarter. Bank of New York Mellon Corp now owns 45,553 shares of the real estate investment trust’s stock valued at $876,000 after buying an additional 23,135 shares during the last quarter. Sei Investments Co. lifted its position in shares of Jernigan Capital by 170.0% during the 1st quarter. Sei Investments Co. now owns 52,502 shares of the real estate investment trust’s stock valued at $1,010,000 after buying an additional 33,055 shares during the last quarter. Assetmark Inc. lifted its holdings in Jernigan Capital by 100.8% during the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 2,044 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in 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 worth $29,558,000 after purchasing an additional 763,766 shares in the last quarter.

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.