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 equities research analysts have recently weighed in on the stock. B. Riley set a $26.00 price target on shares of Jernigan Capital and gave the company a “buy” rating in a research note on Wednesday, September 4th. ValuEngine downgraded shares of Jernigan Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, June 11th. Finally, Raymond James downgraded shares of Jernigan Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.00.

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.

See Also: Growth Stocks

Get a free copy of the Zacks research report on Jernigan Capital (JCAP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

Receive News & Ratings for Jernigan Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital and related companies with MarketBeat.com's FREE daily email newsletter.