Jernigan Capital Inc (NYSE:JCAP) Director James D. Dondero sold 26,104 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $9.83, for a total transaction of $256,602.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
JCAP traded up $0.06 on Tuesday, reaching $9.40. The company had a trading volume of 484,256 shares, compared to its average volume of 289,347. The business has a 50 day simple moving average of $17.83 and a 200 day simple moving average of $18.56. The company has a market cap of $227.81 million, a price-to-earnings ratio of 8.32 and a beta of 0.53. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.18 and a current ratio of 0.18. Jernigan Capital Inc has a 52-week low of $8.83 and a 52-week high of $22.20.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 1st will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 9.79%. The ex-dividend date of this dividend is Tuesday, March 31st. Jernigan Capital’s dividend payout ratio is currently 73.68%.
A number of brokerages have recently issued reports on JCAP. KeyCorp increased their price target on shares of Jernigan Capital from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. B. Riley reissued a “buy” rating and issued a $26.00 price target on shares of Jernigan Capital in a report on Tuesday, December 17th. Finally, Zacks Investment Research downgraded shares of Jernigan Capital from a “hold” rating to a “sell” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $23.33.
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.
See Also: VIX – Volatility Index
Receive News & Ratings for Jernigan Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital and related companies with MarketBeat.com's FREE daily email newsletter.