Jernigan Capital, Inc. (NASDAQ:JCAP) Given Average Recommendation of “Moderate Buy” by Analysts

Jernigan Capital, Inc. (NASDAQ:JCAP) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $25.20.

A number of equities analysts have commented on the stock. Texas Capital upgraded shares of Jernigan Capital to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings downgraded shares of Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th.

Hedge Funds Weigh In On Jernigan Capital

A number of hedge funds have recently added to or reduced their stakes in JCAP. New York State Common Retirement Fund bought a new position in Jernigan Capital in the 4th quarter worth about $34,000. Strs Ohio bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $36,000. Quarry LP bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $38,000. State of Wyoming bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $60,000. Finally, BNP Paribas Financial Markets bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $60,000.

Jernigan Capital Price Performance

Shares of JCAP stock opened at $20.87 on Monday. The company has a market capitalization of $1.29 billion and a P/E ratio of 9.80. The company’s 50-day simple moving average is $20.27 and its two-hundred day simple moving average is $20.83. Jernigan Capital has a one year low of $15.98 and a one year high of $23.80.

Jernigan Capital (NASDAQ:JCAP) last issued its earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. The company had revenue of $154.80 million during the quarter. On average, research analysts expect that Jernigan Capital will post 2.8 EPS for the current fiscal year.

Jernigan Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 24th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Tuesday, March 24th. Jernigan Capital’s dividend payout ratio is currently 45.07%.

Jernigan Capital Company Profile

Jernigan Capital 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 with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.