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

Jernigan Capital, Inc. (NASDAQ:JCAP) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.20.

Several research firms have issued reports on JCAP. Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings lowered shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd.

Jernigan Capital Trading Down 0.6%

Shares of JCAP stock opened at $19.54 on Friday. The company has a market cap of $1.20 billion and a price-to-earnings ratio of 7.54. The stock has a 50 day simple moving average of $17.74 and a 200-day simple moving average of $19.88. Jernigan Capital has a 12-month low of $15.50 and a 12-month high of $23.80.

Jernigan Capital (NASDAQ:JCAP) last posted its quarterly earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%.The business had revenue of $154.80 million during the quarter. On average, equities analysts forecast that Jernigan Capital will post 2.53 earnings per share for the current fiscal year.

Jernigan Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, May 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $0.96 annualized dividend and a dividend yield of 4.9%. Jernigan Capital’s dividend payout ratio (DPR) is 37.07%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund acquired a new position in Jernigan Capital during the fourth quarter worth about $34,000. Quarry LP acquired a new stake in shares of Jernigan Capital during the 3rd quarter valued at approximately $38,000. BNP Paribas Financial Markets acquired a new stake in shares of Jernigan Capital during the 3rd quarter valued at approximately $60,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Jernigan Capital by 133.1% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 1,921 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Jernigan Capital by 100.8% during the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 2,044 shares in the last quarter.

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.