Lido Advisors LLC raised its stake in Jernigan Capital Inc (NYSE:JCAP) by 56.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,000 shares of the real estate investment trust’s stock after buying an additional 28,000 shares during the period. Lido Advisors LLC owned approximately 0.55% of Jernigan Capital worth $1,600,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. purchased a new position in Jernigan Capital in the second quarter valued at about $102,000. Nationwide Fund Advisors purchased a new position in Jernigan Capital in the second quarter valued at about $119,000. UBS Group AG increased its holdings in Jernigan Capital by 226.1% in the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 4,830 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Jernigan Capital in the second quarter valued at approximately $175,000. Finally, American International Group Inc. grew its position in shares of Jernigan Capital by 51.2% in the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 2,943 shares during the last quarter. 69.60% of the stock is owned by institutional investors.

In related news, Director James D. Dondero sold 48,900 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.21, for a total transaction of $988,269.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.18% of the stock is currently owned by company insiders.

JCAP has been the topic of several research reports. Zacks Investment Research upgraded shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, October 23rd. BidaskClub upgraded shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 23rd. FBR & Co set a $25.00 price target on shares of Jernigan Capital and gave the company a “buy” rating in a research report on Friday, October 13th. B. Riley reiterated a “buy” rating on shares of Jernigan Capital in a research report on Wednesday, November 1st. Finally, Robert W. Baird reiterated a “buy” rating on shares of Jernigan Capital in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Jernigan Capital has a consensus rating of “Buy” and a consensus price target of $24.17.

Jernigan Capital Inc (JCAP) traded down $0.22 during mid-day trading on Tuesday, hitting $20.44. 138,100 shares of the stock traded hands, compared to its average volume of 151,703. The firm has a market capitalization of $294.86, a price-to-earnings ratio of 13.96 and a beta of 0.85. Jernigan Capital Inc has a twelve month low of $18.55 and a twelve month high of $24.89.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be given a $0.35 dividend. The ex-dividend date is Friday, December 29th. This represents a $1.40 annualized dividend and a dividend yield of 6.85%. Jernigan Capital’s dividend payout ratio is presently 95.89%.

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Jernigan Capital Profile

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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Institutional Ownership by Quarter for Jernigan Capital (NYSE:JCAP)

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