Jernigan Capital (NASDAQ:JCAP) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Jernigan Capital, Inc. (NASDAQ:JCAP)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $20.27 and traded as high as $21.23. Jernigan Capital shares last traded at $20.87, with a volume of 245,260 shares trading hands.

Analysts Set New Price Targets

JCAP has been the subject of a number of research reports. Texas Capital raised shares of Jernigan Capital to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings cut shares of Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.20.

Jernigan Capital Trading Up 0.6%

The firm has a market capitalization of $1.29 billion and a P/E ratio of 9.80. The company’s fifty day simple moving average is $20.27 and its 200 day simple moving average is $20.82.

Jernigan Capital (NASDAQ:JCAP) last issued its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. The company had revenue of $154.80 million during the quarter. On average, analysts predict that Jernigan Capital, Inc. will post 2.8 earnings per share for the current fiscal year.

Jernigan Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 24th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, March 24th. Jernigan Capital’s dividend payout ratio (DPR) is presently 45.07%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. New York State Common Retirement Fund bought a new position in shares of Jernigan Capital in the 4th quarter worth about $34,000. Strs Ohio bought a new stake in Jernigan Capital during the 3rd quarter valued at about $36,000. Quarry LP bought a new stake in Jernigan Capital during the 3rd quarter valued at about $38,000. State of Wyoming bought a new stake in Jernigan Capital during the 3rd quarter valued at about $60,000. Finally, BNP Paribas Financial Markets bought a new stake in Jernigan Capital during the 3rd quarter valued at about $60,000.

Jernigan Capital Company Profile

Jernigan Capital is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners and operators of self-storage facilities with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.