Jernigan Capital, Inc. (NASDAQ:JCAP) Receives $27.50 Consensus Price Target from Analysts

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $27.50.

JCAP has been the topic of a number of analyst reports. Raymond James Financial increased their price objective on shares of Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Citizens Jmp boosted their target price on shares of Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a research report on Friday, August 14th. Zacks Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Jernigan Capital in a research report on Monday, August 31st. Finally, Truist Financial lifted their price objective on shares of Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 14th.

Jernigan Capital Price Performance

Shares of NASDAQ JCAP opened at $21.51 on Tuesday. The stock has a market capitalization of $1.24 billion, a PE ratio of 8.78 and a beta of -0.14. The business has a fifty day moving average price of $20.74 and a two-hundred day moving average price of $19.63. Jernigan Capital has a fifty-two week low of $15.50 and a fifty-two week high of $24.44.

Jernigan Capital (NASDAQ:JCAP) last released its earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.14. Jernigan Capital had a return on equity of 35.87% and a net margin of 23.50%.The company had revenue of $177.54 million for the quarter. On average, equities analysts expect that Jernigan Capital will post 2.39 EPS for the current year.

Jernigan Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 24th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 24th. Jernigan Capital’s dividend payout ratio (DPR) is currently 39.18%.

Hedge Funds Weigh In On Jernigan Capital

A number of institutional investors have recently modified their holdings of JCAP. William Blair Investment Management LLC grew its position in Jernigan Capital by 6.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,484,109 shares of the real estate investment trust’s stock valued at $33,155,000 after acquiring an additional 89,967 shares during the last quarter. Principal Financial Group Inc. raised its stake in Jernigan Capital by 98.8% during the first quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock worth $29,558,000 after acquiring an additional 763,766 shares in the last quarter. Punch & Associates Investment Management Inc. bought a new position in shares of Jernigan Capital in the first quarter worth about $21,458,000. North Reef Capital Management LP lifted its holdings in shares of Jernigan Capital by 122.2% in the first quarter. North Reef Capital Management LP now owns 532,151 shares of the real estate investment trust’s stock worth $10,233,000 after acquiring an additional 292,678 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Jernigan Capital by 38,166.6% in the 2nd quarter. California State Teachers Retirement System now owns 466,852 shares of the real estate investment trust’s stock valued at $9,090,000 after purchasing an additional 465,632 shares in the last quarter.

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 investments designed to support the development, expansion, acquisition and ownership of self-storage facilities.

Its portfolio and financing activities were concentrated in the United States, with an emphasis on markets it considered attractive for self-storage demand and long-term real estate growth. Jernigan Capital generally sought exposure to properties through development investments, loans and other structured real estate transactions rather than operating a broad range of commercial property types.

The company was founded by Dean Jernigan, a longtime self-storage industry executive who served in senior leadership roles.