Jernigan Capital, Inc. (JCAP) – What Are Brokerages Thinking About This Stock?

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $27.50.

JCAP has been the topic of a number of recent research reports. Citizens Jmp increased their target price on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Friday, August 14th. Raymond James Financial upped their price target on shares of Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings raised shares of Jernigan Capital from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 2nd. Truist Financial boosted their target price on shares of Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Finally, Zacks Research cut shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd purchased a new stake in Jernigan Capital in the 2nd quarter worth approximately $211,000. Squarepoint Ops LLC bought a new position in shares of Jernigan Capital in the second quarter worth approximately $229,000. Odyssean LLC bought a new position in shares of Jernigan Capital in the second quarter worth approximately $513,000. Alyeska Investment Group L.P. increased its stake in shares of Jernigan Capital by 4.6% in the second quarter. Alyeska Investment Group L.P. now owns 258,318 shares of the real estate investment trust’s stock worth $5,029,000 after purchasing an additional 11,246 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Jernigan Capital in the second quarter worth $545,000.

Jernigan Capital Trading Down 0.1%

Shares of JCAP stock opened at $19.93 on Friday. Jernigan Capital has a 12-month low of $15.50 and a 12-month high of $24.44. The stock has a market capitalization of $1.14 billion, a P/E ratio of 8.13 and a beta of -0.02. The firm’s 50 day moving average is $20.91 and its 200 day moving average is $19.53.

Jernigan Capital (NASDAQ:JCAP) last released its quarterly earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share for the quarter, beating 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 firm had revenue of $177.54 million for the quarter. As a group, equities analysts predict that Jernigan Capital will post 2.39 earnings per share for the current year.

Jernigan Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 24th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Monday, August 24th. Jernigan Capital’s dividend payout ratio (DPR) is currently 39.18%.

Jernigan Capital Company Profile

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 structured investments intended to fund the development, redevelopment, acquisition and expansion of storage facilities.

Its investment activities included construction financing and equity-oriented investments in self-storage properties across the United States. Jernigan Capital generally sought to participate in the growth and value creation of these properties while maintaining exposure to the operating performance of the underlying facilities.

The company was founded by Dean Jernigan, a longtime self-storage industry executive, and was headquartered in Memphis, Tennessee.