Jernigan Capital (NASDAQ:JCAP) Shares Pass Above 50-Day Moving Average – What’s Next?

Jernigan Capital, Inc. (NASDAQ:JCAP)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $17.83 and traded as high as $19.45. Jernigan Capital shares last traded at $18.87, with a volume of 380,397 shares.

Wall Street Analysts Forecast Growth

JCAP has been the subject of a number of research reports. Zacks Research lowered shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Weiss Ratings lowered shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.20.

Jernigan Capital Trading Up 2.0%

The stock’s 50-day moving average price is $17.77 and its 200-day moving average price is $19.90. The stock has a market cap of $1.18 billion and a price-to-earnings ratio of 7.39.

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 net margin of 25.42% and a return on equity of 38.63%. The company had revenue of $154.80 million during the quarter. As a group, analysts predict that Jernigan Capital, Inc. 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. Stockholders of record on Tuesday, May 26th were given a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.96 annualized dividend and a dividend yield of 5.0%. Jernigan Capital’s dividend payout ratio (DPR) is 37.07%.

Institutional Investors Weigh In On Jernigan Capital

Several institutional investors and hedge funds have recently made changes to their positions in JCAP. Wellington Management Group LLP increased its holdings in Jernigan Capital by 64.9% in the fourth quarter. Wellington Management Group LLP now owns 1,817,039 shares of the real estate investment trust’s stock worth $40,593,000 after purchasing an additional 715,258 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Jernigan Capital by 98.8% in 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 period. William Blair Investment Management LLC boosted its holdings 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 worth $33,155,000 after buying an additional 89,967 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position 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 worth $28,763,000 after buying an additional 68,341 shares during the period. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of Jernigan Capital during 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.