Odyssean LLC Takes Position in Jernigan Capital, Inc. $JCAP

Odyssean LLC purchased a new position in shares of Jernigan Capital, Inc. (NASDAQ:JCAP) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 26,371 shares of the real estate investment trust’s stock, valued at approximately $513,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new stake in Jernigan Capital in the fourth quarter valued at approximately $34,000. Quarry LP purchased a new position in shares of Jernigan Capital during the third quarter worth approximately $38,000. BNP Paribas Financial Markets acquired a new position in shares of Jernigan Capital in the 3rd quarter valued at $60,000. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Jernigan Capital by 133.1% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 1,921 shares during the period. Finally, Assetmark Inc. raised its position in Jernigan Capital by 100.8% in the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 2,044 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JCAP. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Truist Financial raised their price target on Jernigan Capital from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Citizens Jmp boosted their price target on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Friday, August 14th. Finally, Raymond James Financial upped their price objective on Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

Jernigan Capital Stock Down 2.9%

Shares of NASDAQ:JCAP opened at $21.22 on Thursday. Jernigan Capital, Inc. has a fifty-two week low of $15.50 and a fifty-two week high of $24.44. The firm’s 50-day simple moving average is $19.99 and its 200-day simple moving average is $19.64. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 8.66 and a beta of -0.16.

Jernigan Capital (NASDAQ:JCAP) last posted its quarterly earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Jernigan Capital had a net margin of 23.50% and a return on equity of 35.87%. The firm had revenue of $177.54 million during the quarter. On average, research analysts forecast that Jernigan Capital, Inc. will post 2.69 EPS for the current year.

Jernigan Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 24th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a yield of 4.5%. Jernigan Capital’s dividend payout ratio (DPR) is 39.18%.

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.