Jernigan Capital, Inc. (NASDAQ:JCAP) Receives $25.20 Consensus Price Target from Brokerages

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have received an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $25.20.

Several brokerages recently issued reports on JCAP. Weiss Ratings raised Jernigan Capital from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Texas Capital raised Jernigan Capital to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Zacks Research raised Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th.

Hedge Funds Weigh In On Jernigan Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank acquired a new position in Jernigan Capital during the first quarter worth $735,000. Assetmark Inc. raised its holdings in shares of Jernigan Capital by 100.8% in the first quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 2,044 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Jernigan Capital by 98.8% in the first quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock worth $29,558,000 after acquiring an additional 763,766 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in shares of Jernigan Capital in the first quarter worth $304,000. Finally, William Blair Investment Management LLC raised its holdings in shares of Jernigan Capital by 6.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,484,109 shares of the real estate investment trust’s stock worth $33,155,000 after acquiring an additional 89,967 shares during the last quarter.

Jernigan Capital Price Performance

JCAP opened at $19.96 on Monday. The business has a 50 day simple moving average of $20.25 and a 200-day simple moving average of $20.89. The stock has a market capitalization of $1.23 billion and a P/E ratio of 9.37. Jernigan Capital has a 12 month low of $15.98 and a 12 month high of $23.80.

Jernigan Capital (NASDAQ:JCAP) last issued its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter. The firm had revenue of $154.80 million for the quarter. Research analysts anticipate that Jernigan Capital will post 2.85 EPS for the current year.

Jernigan Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 24th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 annualized dividend and a yield of 4.8%. Jernigan Capital’s payout ratio is currently 45.07%.

Jernigan Capital Company Profile

Jernigan Capital 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 with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.