Jernigan Capital, Inc. (NASDAQ:JCAP) to Issue Quarterly Dividend of $0.24

Jernigan Capital, Inc. (NASDAQ:JCAP) declared a quarterly dividend on Thursday, August 13th, NASDAQ Dividends reports. Shareholders of record on Monday, August 24th will be given a dividend of 0.24 per share by the real estate investment trust on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, August 24th.

Jernigan Capital Stock Down 0.2%

Shares of NASDAQ:JCAP opened at $22.29 on Friday. The firm has a fifty day moving average of $19.70 and a two-hundred day moving average of $19.65. The firm has a market capitalization of $1.28 billion, a P/E ratio of 9.10 and a beta of -0.16. Jernigan Capital has a 12-month low of $15.50 and a 12-month high of $24.44.

Jernigan Capital (NASDAQ:JCAP) last posted its quarterly earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping 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 business had revenue of $177.54 million for the quarter. Equities research analysts expect that Jernigan Capital will post 2.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jernigan Capital

Several hedge funds have recently bought and sold shares of JCAP. Wellington Management Group LLP lifted its position in shares of Jernigan Capital by 64.9% in the fourth quarter. Wellington Management Group LLP now owns 1,817,039 shares of the real estate investment trust’s stock worth $40,593,000 after buying an additional 715,258 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Jernigan Capital by 98.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock valued at $29,558,000 after acquiring an additional 763,766 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of Jernigan Capital by 6.5% during the 4th quarter. William Blair Investment Management LLC now owns 1,484,109 shares of the real estate investment trust’s stock valued at $33,155,000 after acquiring an additional 89,967 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Jernigan Capital by 5.6% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,287,509 shares of the real estate investment trust’s stock valued at $28,763,000 after acquiring an additional 68,341 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new position in shares of Jernigan Capital in the 1st quarter valued at approximately $21,458,000.

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.