Several analysts have recently updated their ratings and price targets for Jernigan Capital (NYSE: JCAP):

  • 3/14/2018 – Jernigan Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “
  • 3/9/2018 – Jernigan Capital was given a new $26.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 3/7/2018 – Jernigan Capital was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “
  • 3/6/2018 – Jernigan Capital was given a new $22.00 price target on by analysts at KeyCorp. They now have a “buy” rating on the stock.
  • 3/1/2018 – Jernigan Capital was given a new $25.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 2/21/2018 – Jernigan Capital was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “
  • 2/9/2018 – Jernigan Capital was given a new $25.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 2/8/2018 – Jernigan Capital was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “
  • 1/30/2018 – Jernigan Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “
  • 1/16/2018 – Jernigan Capital was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. “

Shares of Jernigan Capital Inc (NYSE:JCAP) opened at $18.10 on Wednesday. The firm has a market cap of $268.29 and a PE ratio of 16.31. Jernigan Capital Inc has a fifty-two week low of $15.90 and a fifty-two week high of $24.89.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Monday, April 2nd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend is Thursday, March 29th. Jernigan Capital’s dividend payout ratio (DPR) is presently 126.13%.

In other Jernigan Capital news, Director James D. Dondero sold 23,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $19.27, for a total value of $443,210.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.18% of the stock is currently owned by corporate insiders.

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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