Somewhat Favorable News Coverage Somewhat Unlikely to Affect Jernigan Capital (JCAP) Share Price
Press coverage about Jernigan Capital (NYSE:JCAP) has trended somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Jernigan Capital earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.5416715335597 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Jernigan Capital (NYSE:JCAP) traded down $0.26 during mid-day trading on Monday, reaching $20.31. 179,600 shares of the company’s stock traded hands, compared to its average volume of 154,202. The stock has a market cap of $289.86, a PE ratio of 13.72 and a beta of 0.87. Jernigan Capital has a 12-month low of $17.98 and a 12-month high of $24.89.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be paid a $0.35 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.40 annualized dividend and a yield of 6.89%. Jernigan Capital’s payout ratio is currently 95.89%.
Several brokerages recently issued reports on JCAP. B. Riley restated a “buy” rating on shares of Jernigan Capital in a research report on Wednesday, November 1st. BidaskClub upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. ValuEngine upgraded Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Robert W. Baird restated a “buy” rating on shares of Jernigan Capital in a research report on Friday, November 3rd. Finally, Zacks Investment Research downgraded Jernigan Capital from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $24.20.
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About Jernigan Capital
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
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