Jernigan Capital, Inc. (NASDAQ:JCAP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Jernigan Capital, Inc. (NASDAQ:JCAP) has been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.20.

JCAP has been the topic of several analyst reports. Zacks Research cut shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd.

Jernigan Capital Stock Performance

NASDAQ JCAP opened at $19.50 on Tuesday. The firm’s fifty day moving average price is $18.22 and its two-hundred day moving average price is $20.18. The stock has a market cap of $1.08 billion and a PE ratio of 7.53. Jernigan Capital has a fifty-two week low of $15.50 and a fifty-two week high of $23.80.

Jernigan Capital (NASDAQ:JCAP) last posted its earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share for the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. The firm had revenue of $154.80 million for the quarter. As a group, sell-side analysts predict that Jernigan Capital will post 2.53 earnings per share for the current fiscal year.

Jernigan Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, May 26th were paid a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.96 annualized dividend and a dividend yield of 4.9%. Jernigan Capital’s payout ratio is currently 37.07%.

Institutional Trading of Jernigan Capital

Several institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Jernigan Capital by 95.9% in the first quarter. Bank of America Corp DE now owns 58,859 shares of the real estate investment trust’s stock worth $1,132,000 after purchasing an additional 28,815 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Jernigan Capital in the first quarter worth $266,000. North Reef Capital Management LP grew its stake in shares of Jernigan Capital by 122.2% in the first quarter. North Reef Capital Management LP now owns 532,151 shares of the real estate investment trust’s stock worth $10,233,000 after purchasing an additional 292,678 shares during the last quarter. Punch & Associates Investment Management Inc. bought a new stake in shares of Jernigan Capital in the first quarter worth $21,458,000. Finally, Renaissance Technologies LLC lifted its holdings in Jernigan Capital by 86.2% in the first quarter. Renaissance Technologies LLC now owns 178,032 shares of the real estate investment trust’s stock valued at $3,424,000 after buying an additional 82,432 shares during the period.

About Jernigan Capital

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.