Wall Street brokerages predict that Jernigan Capital Inc (NYSE:JCAP) will post earnings per share of $0.35 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Jernigan Capital’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.37. Jernigan Capital reported earnings of $1.04 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 66.3%. The business is expected to announce its next quarterly earnings report on Wednesday, February 26th.
According to Zacks, analysts expect that Jernigan Capital will report full year earnings of $1.91 per share for the current fiscal year, with EPS estimates ranging from $1.84 to $1.98. For the next financial year, analysts expect that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.15 to $1.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Jernigan Capital.
A number of research firms have weighed in on JCAP. ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. B. Riley set a $26.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Wednesday, September 18th. TheStreet cut Jernigan Capital from a “b-” rating to a “c” rating in a research report on Monday, November 18th. Finally, Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Jernigan Capital has an average rating of “Hold” and an average target price of $23.50.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Jernigan Capital by 2.3% during the second quarter. Vanguard Group Inc. now owns 2,134,011 shares of the real estate investment trust’s stock worth $43,748,000 after purchasing an additional 48,843 shares in the last quarter. BlackRock Inc. increased its position in Jernigan Capital by 13.7% in the 2nd quarter. BlackRock Inc. now owns 2,012,738 shares of the real estate investment trust’s stock valued at $41,262,000 after acquiring an additional 242,657 shares during the period. Phocas Financial Corp. increased its position in Jernigan Capital by 0.7% in the 2nd quarter. Phocas Financial Corp. now owns 690,088 shares of the real estate investment trust’s stock valued at $14,147,000 after acquiring an additional 4,962 shares during the period. State Street Corp increased its position in Jernigan Capital by 5.7% in the 3rd quarter. State Street Corp now owns 511,069 shares of the real estate investment trust’s stock valued at $10,010,000 after acquiring an additional 27,433 shares during the period. Finally, Investment Counselors of Maryland LLC increased its position in Jernigan Capital by 1.1% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 419,539 shares of the real estate investment trust’s stock valued at $8,601,000 after acquiring an additional 4,490 shares during the period. Institutional investors and hedge funds own 67.80% of the company’s stock.
Jernigan Capital Company Profile
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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