$0.43 Earnings Per Share Expected for Jernigan Capital Inc (NYSE:JCAP) This Quarter
Analysts expect Jernigan Capital Inc (NYSE:JCAP) to post earnings of $0.43 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Jernigan Capital’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.36. Jernigan Capital posted earnings of $0.75 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 42.7%. The business is expected to report its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Jernigan Capital will report full year earnings of $1.97 per share for the current fiscal year, with EPS estimates ranging from $1.83 to $2.24. For the next financial year, analysts forecast that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.26 to $1.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Jernigan Capital.
Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.25. Jernigan Capital had a net margin of 165.18% and a return on equity of 20.21%. The company had revenue of $10.83 million for the quarter, compared to the consensus estimate of $10.38 million.
A number of large investors have recently bought and sold shares of the stock. Phocas Financial Corp. boosted its position in Jernigan Capital by 0.7% during the 2nd quarter. Phocas Financial Corp. now owns 690,088 shares of the real estate investment trust’s stock worth $14,147,000 after buying an additional 4,962 shares during the period. Citadel Advisors LLC boosted its position in Jernigan Capital by 36.0% during the 2nd quarter. Citadel Advisors LLC now owns 53,384 shares of the real estate investment trust’s stock worth $1,094,000 after buying an additional 14,128 shares during the period. Westwood Holdings Group Inc. boosted its position in Jernigan Capital by 50.1% during the 2nd quarter. Westwood Holdings Group Inc. now owns 21,156 shares of the real estate investment trust’s stock worth $434,000 after buying an additional 7,065 shares during the period. Vanguard Group Inc. boosted its position in Jernigan Capital by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,134,011 shares of the real estate investment trust’s stock worth $43,748,000 after buying an additional 48,843 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Jernigan Capital during the 2nd quarter worth approximately $27,000. Institutional investors and hedge funds own 69.77% of the company’s stock.
Shares of JCAP traded up $0.05 during mid-day trading on Friday, reaching $19.97. The company had a trading volume of 145,100 shares, compared to its average volume of 144,082. The company’s 50 day simple moving average is $19.59 and its 200 day simple moving average is $20.67. Jernigan Capital has a 1-year low of $18.76 and a 1-year high of $22.20. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.23 and a current ratio of 0.23. The company has a market capitalization of $433.90 million, a price-to-earnings ratio of 9.60 and a beta of 0.47.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.01%. Jernigan Capital’s payout ratio is currently 67.31%.
About Jernigan Capital
Jernigan Capital, Inc 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. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.
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