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

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have earned an average rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $25.20.

A number of brokerages recently commented on JCAP. Weiss Ratings downgraded Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Texas Capital upgraded Jernigan Capital to a “strong-buy” rating in a research note on Tuesday, February 10th. Finally, Zacks Research downgraded Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Monday.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. William Blair Investment Management LLC boosted its position in shares of Jernigan Capital by 6.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,484,109 shares of the real estate investment trust’s stock valued at $33,155,000 after purchasing an additional 89,967 shares during the period. Principal Financial Group Inc. boosted its position in shares of Jernigan Capital by 98.8% in the 1st quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock valued at $29,558,000 after purchasing an additional 763,766 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Jernigan Capital in the 1st quarter valued at $304,000. JPMorgan Chase & Co. acquired a new position in shares of Jernigan Capital in the 3rd quarter valued at $81,000. Finally, SG Americas Securities LLC acquired a new position in shares of Jernigan Capital in the 4th quarter valued at $137,000.

Jernigan Capital Stock Up 3.4%

Shares of JCAP opened at $16.04 on Friday. The business’s 50 day moving average is $19.08 and its two-hundred day moving average is $20.66. Jernigan Capital has a 52-week low of $15.50 and a 52-week high of $23.80. The firm has a market cap of $888.94 million and a price-to-earnings ratio of 6.19.

Jernigan Capital (NASDAQ:JCAP) last posted its quarterly earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter. The business had revenue of $154.80 million for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%. On average, equities analysts expect that Jernigan Capital will post 2.53 earnings per share for the current fiscal year.

Jernigan Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, May 26th. Jernigan Capital’s dividend payout ratio (DPR) is 37.07%.

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.