MYDA Advisors LLC Lowers Holdings in Jernigan Capital, Inc. $JCAP

MYDA Advisors LLC cut its position in Jernigan Capital, Inc. (NASDAQ:JCAP) by 40.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,000 shares of the real estate investment trust’s stock after selling 60,000 shares during the quarter. MYDA Advisors LLC owned about 0.39% of Jernigan Capital worth $2,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of JCAP. New York State Common Retirement Fund purchased a new stake in shares of Jernigan Capital during the 4th quarter valued at $34,000. Police & Firemen s Retirement System of New Jersey raised its position 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 valued at $75,000 after buying an additional 1,921 shares in the last quarter. Quarry LP purchased a new stake in shares of Jernigan Capital during the 3rd quarter valued at $38,000. BNP Paribas Financial Markets purchased a new stake in shares of Jernigan Capital during the 3rd quarter valued at $60,000. Finally, State of Wyoming purchased a new stake in shares of Jernigan Capital during the 3rd quarter valued at $60,000.

Jernigan Capital Stock Performance

Jernigan Capital stock opened at $16.36 on Monday. The firm’s fifty day moving average price is $18.71 and its 200-day moving average price is $20.43. The stock has a market cap of $906.64 million and a P/E ratio of 6.32. Jernigan Capital, Inc. has a fifty-two week low of $15.50 and a fifty-two week high of $23.80.

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

Jernigan Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, May 26th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.96 annualized dividend and a dividend yield of 5.9%. Jernigan Capital’s dividend payout ratio (DPR) is currently 37.07%.

Analyst Ratings Changes

Several research firms have recently weighed in on JCAP. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd. Zacks Research cut shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $25.20.

About Jernigan Capital

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.