Prudential Financial Inc. lifted its stake in shares of Jernigan Capital Inc (NYSE:JCAP) by 146.1% in the 2nd quarter, Holdings Channel reports. The fund owned 78,957 shares of the real estate investment trust’s stock after acquiring an additional 46,870 shares during the quarter. Prudential Financial Inc.’s holdings in Jernigan Capital were worth $1,619,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Jernigan Capital by 93.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,850 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 895 shares in the last quarter. Bogart Wealth LLC bought a new stake in shares of Jernigan Capital during the second quarter worth $51,000. BNP Paribas Arbitrage SA increased its position in shares of Jernigan Capital by 476.6% during the first quarter. BNP Paribas Arbitrage SA now owns 3,494 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 2,888 shares in the last quarter. SeaBridge Investment Advisors LLC increased its position in shares of Jernigan Capital by 33.3% during the second quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Strs Ohio increased its position in shares of Jernigan Capital by 16.7% during the second quarter. Strs Ohio now owns 5,600 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 800 shares in the last quarter. 69.78% of the stock is owned by institutional investors.

JCAP has been the subject of several research reports. B. Riley set a $26.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. ValuEngine downgraded shares of Jernigan Capital from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Raymond James downgraded shares of Jernigan Capital from an “outperform” rating to a “market perform” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.00.

Shares of JCAP stock traded up $0.04 during trading hours on Thursday, hitting $19.73. 3,439 shares of the company were exchanged, compared to its average volume of 147,043. The company has a market capitalization of $441.02 million, a PE ratio of 9.49 and a beta of 0.47. Jernigan Capital Inc has a 52 week low of $18.76 and a 52 week high of $22.20. The business has a 50 day moving average of $19.59 and a two-hundred day moving average of $20.62. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.15.

Jernigan Capital (NYSE:JCAP) last released its 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. The business had revenue of $10.83 million during the quarter, compared to the consensus estimate of $10.38 million. Jernigan Capital had a net margin of 165.18% and a return on equity of 20.21%. On average, research analysts forecast that Jernigan Capital Inc will post 1.91 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date is Monday, September 30th. Jernigan Capital’s dividend payout ratio (DPR) is currently 67.31%.

Jernigan Capital Profile

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

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