Jernigan Capital Inc (NYSE:JCAP) Insider Buys $108,250.00 in Stock
Jernigan Capital Inc (NYSE:JCAP) insider John A. Good purchased 5,000 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were acquired at an average cost of $21.65 per share, for a total transaction of $108,250.00. Following the acquisition, the insider now owns 217,308 shares of the company’s stock, valued at approximately $4,704,718.20. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Jernigan Capital Inc (NYSE JCAP) traded down 1.76% during midday trading on Tuesday, reaching $21.22. The company had a trading volume of 166,186 shares. The company has a market capitalization of $302.13 million, a P/E ratio of 11.41 and a beta of 0.84. The firm’s 50 day moving average price is $22.26 and its 200-day moving average price is $22.24. Jernigan Capital Inc has a 12 month low of $16.00 and a 12 month high of $24.89.
Jernigan Capital (NYSE:JCAP) last issued its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The firm had revenue of $3.10 million for the quarter, compared to analysts’ expectations of $2.53 million. Jernigan Capital had a net margin of 77.49% and a return on equity of 3.09%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 earnings per share. Analysts anticipate that Jernigan Capital Inc will post $1.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Monday, October 2nd will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.60%. Jernigan Capital’s payout ratio is 69.65%.
Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new position in shares of Jernigan Capital during the first quarter worth about $977,000. Citadel Advisors LLC raised its position in shares of Jernigan Capital by 27.8% in the first quarter. Citadel Advisors LLC now owns 18,786 shares of the real estate investment trust’s stock worth $433,000 after buying an additional 4,091 shares during the last quarter. Morgan Stanley raised its position in shares of Jernigan Capital by 71.9% in the first quarter. Morgan Stanley now owns 80,475 shares of the real estate investment trust’s stock worth $1,854,000 after buying an additional 33,669 shares during the last quarter. UBS Group AG raised its position in shares of Jernigan Capital by 226.1% in the first quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 4,830 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Jernigan Capital by 20.7% in the first quarter. Geode Capital Management LLC now owns 40,831 shares of the real estate investment trust’s stock worth $940,000 after buying an additional 7,008 shares during the last quarter. Institutional investors own 40.85% of the company’s stock.
A number of research firms have recently weighed in on JCAP. Jefferies Group LLC began coverage on Jernigan Capital in a report on Monday, April 24th. They set a “hold” rating and a $25.00 price target on the stock. TheStreet raised Jernigan Capital from a “c+” rating to a “b” rating in a report on Monday, June 26th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $26.00 price target (up previously from $25.00) on shares of Jernigan Capital in a report on Wednesday, June 28th. FBR & Co reaffirmed a “buy” rating on shares of Jernigan Capital in a report on Monday, May 15th. Finally, Zacks Investment Research cut Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.00.
Jernigan Capital Company Profile
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
Receive News & Ratings for Jernigan Capital Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital Inc and related companies with MarketBeat.com's FREE daily email newsletter.