Shares of Jernigan Capital Inc (NYSE:JCAP) have earned an average rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $24.00.
Separately, Zacks Investment Research raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th.
Several hedge funds have recently added to or reduced their stakes in the business. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Jernigan Capital by 156.4% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,693 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 3,473 shares during the last quarter. Coastal Investment Advisors Inc. acquired a new position in shares of Jernigan Capital during the first quarter valued at about $507,000. SEI Investments Co acquired a new position in shares of Jernigan Capital during the first quarter valued at about $29,000. Ranger Global Real Estate Advisors LLC increased its holdings in shares of Jernigan Capital by 13.6% during the first quarter. Ranger Global Real Estate Advisors LLC now owns 444,895 shares of the real estate investment trust’s stock valued at $9,361,000 after acquiring an additional 53,336 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Jernigan Capital by 20.6% during the first quarter. Geode Capital Management LLC now owns 215,703 shares of the real estate investment trust’s stock valued at $4,538,000 after acquiring an additional 36,789 shares in the last quarter. 70.27% of the stock is owned by institutional investors and hedge funds.
Jernigan Capital (NYSE:JCAP) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.21. The business had revenue of $9.88 million during the quarter, compared to analyst estimates of $9.23 million. Jernigan Capital had a net margin of 170.35% and a return on equity of 20.04%. Analysts predict that Jernigan Capital will post 1.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.64%. The ex-dividend date is Friday, June 28th. Jernigan Capital’s payout ratio is 67.31%.
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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