Brokerages Expect Jernigan Capital Inc (JCAP) Will Announce Quarterly Sales of $9.55 Million

Wall Street brokerages expect Jernigan Capital Inc (NYSE:JCAP) to post $9.55 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Jernigan Capital’s earnings. The highest sales estimate is $10.27 million and the lowest is $8.87 million. Jernigan Capital posted sales of $3.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 143%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 27th.

On average, analysts expect that Jernigan Capital will report full-year sales of $30.51 million for the current year, with estimates ranging from $28.98 million to $32.57 million. For the next year, analysts expect that the business will report sales of $48.65 million, with estimates ranging from $40.95 million to $58.09 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Jernigan Capital.

Several equities research analysts recently issued reports on the stock. ValuEngine raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. B. Riley set a $26.00 price target on shares of Jernigan Capital and gave the company a “buy” rating in a report on Tuesday, October 30th. Zacks Investment Research lowered shares of Jernigan Capital from a “hold” rating to a “sell” rating in a report on Thursday, October 11th. Finally, Jefferies Financial Group raised shares of Jernigan Capital from a “hold” rating to a “buy” rating and lifted their price target for the company from $20.00 to $23.00 in a report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $23.25.

Large investors have recently bought and sold shares of the stock. Cannell Capital LLC boosted its position in Jernigan Capital by 4.3% during the 2nd quarter. Cannell Capital LLC now owns 99,990 shares of the real estate investment trust’s stock worth $1,906,000 after buying an additional 4,150 shares during the period. BlackRock Inc. boosted its position in Jernigan Capital by 7.0% during the 2nd quarter. BlackRock Inc. now owns 1,142,864 shares of the real estate investment trust’s stock worth $21,782,000 after buying an additional 74,364 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Jernigan Capital by 27.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 193,500 shares of the real estate investment trust’s stock worth $3,733,000 after buying an additional 41,500 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in Jernigan Capital during the 2nd quarter worth approximately $329,000. Finally, Renaissance Technologies LLC acquired a new stake in Jernigan Capital during the 2nd quarter worth approximately $1,336,000. Institutional investors and hedge funds own 69.42% of the company’s stock.

Shares of Jernigan Capital stock traded down $0.06 during midday trading on Friday, hitting $20.93. 209,969 shares of the company traded hands, compared to its average volume of 229,271. The firm has a market capitalization of $408.76 million, a PE ratio of 19.38 and a beta of 0.46. Jernigan Capital has a 12 month low of $15.90 and a 12 month high of $21.17.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be given a dividend of $0.35 per share. The ex-dividend date is Monday, December 31st. This represents a $1.40 annualized dividend and a yield of 6.69%. Jernigan Capital’s dividend payout ratio is presently 129.63%.

About Jernigan Capital

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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Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

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