Jernigan Capital (NASDAQ:JCAP) Shares Gap Down – Here’s What Happened

Jernigan Capital, Inc. (NASDAQ:JCAP)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $19.61, but opened at $18.76. Jernigan Capital shares last traded at $18.85, with a volume of 2,694 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research cut Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Weiss Ratings lowered Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.20.

Jernigan Capital Stock Down 1.9%

The business’s fifty day moving average is $18.01 and its 200-day moving average is $20.06. The company has a market cap of $1.12 billion and a PE ratio of 7.02.

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

Jernigan Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, May 26th were given a dividend of $0.24 per share. The ex-dividend date was Tuesday, May 26th. This represents a $0.96 annualized dividend and a yield of 5.3%. Jernigan Capital’s payout ratio is 37.07%.

Institutional Trading of Jernigan Capital

Hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund purchased a new position in shares of Jernigan Capital during the 4th quarter valued at about $34,000. Quarry LP purchased a new stake in Jernigan Capital in the 3rd quarter worth approximately $38,000. BNP Paribas Financial Markets purchased a new stake in Jernigan Capital in the 3rd quarter worth approximately $60,000. Police & Firemen s Retirement System of New Jersey raised its stake in Jernigan Capital by 133.1% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 1,921 shares during the period. Finally, Assetmark Inc. raised its stake in Jernigan Capital by 100.8% during the 1st 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 period.

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.