Jernigan Capital, Inc. (NYSE:JCAP) Given Consensus Rating of “Hold” by Analysts

Jernigan Capital, Inc. (NYSE:JCAP) has been given a consensus rating of “Hold” by the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $25.33.

A number of equities research analysts have weighed in on the company. TheStreet upgraded Jernigan Capital from a “c+” rating to a “b” rating in a research report on Monday, June 26th. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Jernigan Capital in a report on Wednesday, June 28th. BidaskClub downgraded Jernigan Capital from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research downgraded Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, FBR & Co reiterated a “buy” rating on shares of Jernigan Capital in a report on Monday, May 15th.

WARNING: “Jernigan Capital, Inc. (NYSE:JCAP) Given Consensus Rating of “Hold” by Analysts” was originally published by WKRB News and is the property of of WKRB News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.wkrb13.com/markets/2285478/jernigan-capital-inc-nysejcap-given-consensus-rating-of-hold-by-analysts.html.

In related news, Director James D. Dondero acquired 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were purchased at an average price of $22.00 per share, for a total transaction of $2,200,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.18% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Jernigan Capital during the fourth quarter valued at approximately $1,920,000. First Republic Investment Management Inc. bought a new position in Jernigan Capital during the fourth quarter valued at approximately $308,000. LSV Asset Management increased its position in Jernigan Capital by 651.6% in the first quarter. LSV Asset Management now owns 24,804 shares of the real estate investment trust’s stock valued at $571,000 after buying an additional 21,504 shares in the last quarter. Bank of New York Mellon Corp increased its position in Jernigan Capital by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 33,448 shares of the real estate investment trust’s stock valued at $771,000 after buying an additional 1,138 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in Jernigan Capital by 17.3% in the first quarter. JPMorgan Chase & Co. now owns 43,769 shares of the real estate investment trust’s stock valued at $1,008,000 after buying an additional 6,458 shares in the last quarter. Hedge funds and other institutional investors own 44.47% of the company’s stock.

Shares of Jernigan Capital (NYSE:JCAP) traded up 0.23% during trading on Monday, reaching $21.39. The company’s stock had a trading volume of 23,658 shares. The stock has a market cap of $189.88 million, a P/E ratio of 9.79 and a beta of 0.87. The stock has a 50-day moving average of $22.72 and a 200-day moving average of $22.08. Jernigan Capital has a 52-week low of $13.80 and a 52-week high of $24.89.

Jernigan Capital (NYSE:JCAP) last released its quarterly earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. Jernigan Capital had a return on equity of 12.63% and a net margin of 216.88%. The business had revenue of $2.30 million for the quarter, compared to the consensus estimate of $2.26 million. Analysts predict that Jernigan Capital will post $1.64 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Monday, July 3rd will be issued a $0.35 dividend. The ex-dividend date is Thursday, June 29th. This represents a $1.40 annualized dividend and a dividend yield of 6.56%. Jernigan Capital’s dividend payout ratio is currently 58.33%.

About Jernigan Capital

Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.

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