Jernigan Capital, Inc. (NASDAQ:JCAP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $27.00.

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd.

Institutional Investors Weigh In On Jernigan Capital

A number of institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new stake in Jernigan Capital during the fourth quarter worth about $34,000. Quarry LP acquired a new position in shares of Jernigan Capital in the 3rd quarter valued at about $38,000. BNP Paribas Financial Markets purchased a new stake in shares of Jernigan Capital during the 3rd quarter worth about $60,000. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Jernigan Capital by 133.1% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 1,921 shares during the period. Finally, Assetmark Inc. increased its position 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.

Jernigan Capital Trading Up 3.6%

NASDAQ JCAP opened at $19.82 on Friday. The business’s 50-day moving average price is $17.80 and its 200 day moving average price is $19.76. Jernigan Capital has a twelve month low of $15.50 and a twelve month high of $23.80. The company has a market capitalization of $1.22 billion and a PE ratio of 7.65.

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

Jernigan Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, May 26th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, May 26th. Jernigan Capital’s dividend payout ratio (DPR) is 37.07%.

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.