B. Riley Analysts Cut Earnings Estimates for Jernigan Capital Inc (JCAP)

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Jernigan Capital Inc (NYSE:JCAP) – Analysts at B. Riley lowered their Q2 2018 earnings estimates for Jernigan Capital in a research note issued on Monday, June 11th. B. Riley analyst T. Hayes now forecasts that the real estate investment trust will post earnings of $0.50 per share for the quarter, down from their previous forecast of $0.93. B. Riley has a “Buy” rating and a $26.00 price objective on the stock. B. Riley also issued estimates for Jernigan Capital’s Q3 2018 earnings at $0.93 EPS, Q4 2018 earnings at $1.19 EPS and FY2018 earnings at $3.02 EPS.

Other analysts also recently issued research reports about the stock. TheStreet raised shares of Jernigan Capital from a “c+” rating to a “b-” rating in a report on Friday, June 8th. KeyCorp set a $22.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday, February 21st. Finally, ValuEngine downgraded shares of Jernigan Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.83.

Shares of Jernigan Capital opened at $19.06 on Thursday, MarketBeat Ratings reports. Jernigan Capital has a 1-year low of $15.90 and a 1-year high of $24.89. The company has a quick ratio of 5.19, a current ratio of 5.19 and a debt-to-equity ratio of 0.12. The company has a market cap of $295.42 million, a PE ratio of 17.50 and a beta of 0.56.

Jernigan Capital (NYSE:JCAP) last issued its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). Jernigan Capital had a return on equity of 6.59% and a net margin of 118.85%. The firm had revenue of $5.22 million for the quarter, compared to the consensus estimate of $4.93 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Monday, July 2nd will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.35%. The ex-dividend date of this dividend is Friday, June 29th. Jernigan Capital’s payout ratio is 129.63%.

In related news, insider John A. Good acquired 2,110 shares of the company’s stock in a transaction that occurred on Monday, May 7th. The stock was acquired at an average price of $19.15 per share, with a total value of $40,406.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James D. Dondero acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 12th. The stock was bought at an average cost of $18.50 per share, with a total value of $1,850,000.00. The disclosure for this purchase can be found here. 2.40% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of JCAP. Sterling Capital Management LLC acquired a new position in Jernigan Capital in the 4th quarter valued at approximately $802,000. Tower Research Capital LLC TRC acquired a new position in Jernigan Capital in the 4th quarter valued at approximately $264,000. ArrowMark Colorado Holdings LLC increased its position in Jernigan Capital by 40.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 569,199 shares of the real estate investment trust’s stock valued at $10,820,000 after acquiring an additional 164,616 shares during the period. Ranger Global Real Estate Advisors LLC increased its position in Jernigan Capital by 3.2% in the 4th quarter. Ranger Global Real Estate Advisors LLC now owns 488,019 shares of the real estate investment trust’s stock valued at $9,277,000 after acquiring an additional 14,945 shares during the period. Finally, Raymond James & Associates increased its position in Jernigan Capital by 22.7% in the 4th quarter. Raymond James & Associates now owns 109,953 shares of the real estate investment trust’s stock valued at $2,090,000 after acquiring an additional 20,321 shares during the period. 70.25% of the stock is owned by institutional investors and hedge funds.

About Jernigan Capital

Jernigan Capital, Inc 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. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.

Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

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