Jernigan Capital, Inc. (NASDAQ:JCAP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $27.50.

A number of research analysts have recently commented on the company. Truist Financial increased their price objective on Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 14th. Citizens Jmp upped their price target on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Friday, August 14th. Weiss Ratings lowered shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Raymond James Financial lifted their price target on shares of Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th.

Institutional Trading of Jernigan Capital

A number of large investors have recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in Jernigan Capital during the fourth quarter worth approximately $34,000. Quarry LP acquired a new stake in shares of Jernigan Capital in the third quarter valued at approximately $38,000. BNP Paribas Financial Markets acquired a new stake in shares of Jernigan Capital in the third quarter valued at approximately $60,000. Police & Firemen s Retirement System of New Jersey grew its position in shares of Jernigan Capital by 133.1% during the fourth 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 during the last quarter. Finally, Assetmark Inc. grew its position in shares of Jernigan Capital by 100.8% during the first 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 during the last quarter.

Jernigan Capital Stock Down 4.6%

NASDAQ JCAP opened at $22.34 on Friday. Jernigan Capital has a 52 week low of $15.50 and a 52 week high of $24.44. The stock has a market capitalization of $1.28 billion, a PE ratio of 9.12 and a beta of -0.16. The firm has a 50 day moving average of $19.58 and a two-hundred day moving average of $19.63.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings data on Thursday, August 13th. The real estate investment trust reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Jernigan Capital had a net margin of 23.50% and a return on equity of 35.87%. The company had revenue of $177.54 million for the quarter. On average, equities research analysts expect that Jernigan Capital will post 2.53 earnings per share for the current fiscal year.

Jernigan Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 24th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.3%. Jernigan Capital’s payout ratio is 39.18%.

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.