Jernigan Capital (NASDAQ:JCAP) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Jernigan Capital, Inc. (NASDAQ:JCAP) shares passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $20.89 and traded as high as $21.08. Jernigan Capital shares last traded at $20.53, with a volume of 136,167 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on JCAP. Citizens Jmp boosted their target price on Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Friday, August 14th. Zacks Research lowered shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th. Truist Financial lifted their price target on Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 14th. Weiss Ratings lowered Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Raymond James Financial lifted their target price on Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Jernigan Capital has an average rating of “Moderate Buy” and a consensus price target of $27.50.

Jernigan Capital Stock Down 1.0%

The stock has a market cap of $1.18 billion, a P/E ratio of 8.38 and a beta of -0.02. The firm’s 50-day moving average is $20.89 and its two-hundred day moving average is $19.57.

Jernigan Capital (NASDAQ:JCAP) last posted its earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 EPS for the quarter, topping the consensus estimate 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 during the quarter. Analysts anticipate that Jernigan Capital, Inc. will post 2.39 earnings per share for the current fiscal year.

Jernigan Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 24th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, August 24th. Jernigan Capital’s payout ratio is presently 39.18%.

Institutional Investors Weigh In On Jernigan Capital

A number of large investors have recently bought and sold shares of JCAP. Assetmark Inc. increased its position in 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 buying an additional 2,044 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Jernigan Capital in the third quarter worth about $41,000. WINTON GROUP Ltd bought a new stake in shares of Jernigan Capital during the 2nd quarter worth about $211,000. Alyeska Investment Group L.P. boosted its stake in shares of Jernigan Capital by 4.6% during the 2nd quarter. Alyeska Investment Group L.P. now owns 258,318 shares of the real estate investment trust’s stock worth $5,029,000 after acquiring an additional 11,246 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Jernigan Capital during the 2nd quarter worth about $229,000.

About Jernigan Capital

Jernigan Capital, Inc was a real estate investment company focused on the self-storage industry. The company provided capital to self-storage developers and operators, primarily through structured investments intended to fund the development, redevelopment, acquisition and expansion of storage facilities.

Its investment activities included construction financing and equity-oriented investments in self-storage properties across the United States. Jernigan Capital generally sought to participate in the growth and value creation of these properties while maintaining exposure to the operating performance of the underlying facilities.

The company was founded by Dean Jernigan, a longtime self-storage industry executive, and was headquartered in Memphis, Tennessee.