Somewhat Positive Media Coverage Somewhat Unlikely to Affect Jernigan Capital (NYSE:JCAP) Share Price
Media headlines about Jernigan Capital (NYSE:JCAP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Jernigan Capital earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.5926275446964 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- $0.40 Earnings Per Share Expected for Jernigan Capital, Inc. (NYSE:JCAP) This Quarter (americanbankingnews.com)
- Jernigan Capital, Inc. (NYSE:JCAP) Sees Heavy Trading Volume with 255K Shares Changing Hands (highlightpress.com)
- Head to Head Comparison: Communications Sales & Leasing,Inc. (UNIT) and Jernigan Capital (NYSE:JCAP) (americanbankingnews.com)
- Jernigan Capital, Inc. (NYSE:JCAP) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Edited Transcript of JCAP earnings conference call or presentation 3-Aug-17 3:00pm GMT (finance.yahoo.com)
Jernigan Capital (NYSE:JCAP) opened at 21.60 on Tuesday. The firm has a market capitalization of $307.54 million, a P/E ratio of 11.62 and a beta of 0.84. The company’s 50-day moving average is $22.26 and its 200-day moving average is $22.24. Jernigan Capital has a one year low of $16.00 and a one year 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, beating the consensus estimate of $0.38 by $0.12. Jernigan Capital had a return on equity of 11.47% and a net margin of 185.96%. The business had revenue of $3.10 million for the quarter, compared to analysts’ expectations of $2.53 million. During the same period last year, the business earned $0.99 EPS. The business’s revenue was down 3.7% on a year-over-year basis. Equities analysts forecast that Jernigan Capital will post $1.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Monday, October 2nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.48%. The ex-dividend date of this dividend is Friday, September 29th. Jernigan Capital’s dividend payout ratio (DPR) is presently 69.65%.
A number of analysts have recently commented on JCAP shares. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Jernigan Capital in a research report on Wednesday, June 28th. BidaskClub raised shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research report on Thursday, July 20th. ValuEngine lowered shares of Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. FBR & Co reissued a “buy” rating on shares of Jernigan Capital in a research report on Friday, May 5th. Finally, TheStreet raised shares of Jernigan Capital from a “c+” rating to a “b” rating in a research report on Monday, June 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Jernigan Capital has a consensus rating of “Hold” and a consensus target price of $25.00.
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In related news, Director James D. Dondero acquired 100,000 shares of the company’s stock in a transaction on Tuesday, June 27th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $2,200,000.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.18% of the stock is currently owned by company insiders.
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.
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