Jernigan Capital, Inc. (NASDAQ:JCAP) Receives $25.20 Average Price Target from Brokerages

Jernigan Capital, Inc. (NASDAQ:JCAP) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.20.

Several analysts recently commented on the stock. Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Texas Capital upgraded shares of Jernigan Capital to a “strong-buy” rating in a research note on Tuesday, February 10th. Finally, Weiss Ratings downgraded shares of Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th.

Hedge Funds Weigh In On Jernigan Capital

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of Jernigan Capital by 95.9% during the first quarter. Bank of America Corp DE now owns 58,859 shares of the real estate investment trust’s stock worth $1,132,000 after buying an additional 28,815 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Jernigan Capital during the first quarter worth about $266,000. North Reef Capital Management LP boosted its position 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. Punch & Associates Investment Management Inc. acquired a new stake in shares of Jernigan Capital in the first quarter worth approximately $21,458,000. Finally, Renaissance Technologies LLC boosted its position in shares of Jernigan Capital by 86.2% in the first quarter. Renaissance Technologies LLC now owns 178,032 shares of the real estate investment trust’s stock worth $3,424,000 after acquiring an additional 82,432 shares during the last quarter.

Jernigan Capital Stock Performance

JCAP stock opened at $16.41 on Friday. Jernigan Capital has a one year low of $15.98 and a one year high of $23.80. The stock has a market capitalization of $909.41 million and a PE ratio of 6.34. The company has a fifty day moving average of $19.30 and a 200-day moving average of $20.75.

Jernigan Capital (NASDAQ:JCAP) last released its earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. The company had revenue of $154.80 million during the quarter. Equities analysts forecast that Jernigan Capital will post 2.51 earnings per share for the current fiscal year.

Jernigan Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.9%. The ex-dividend date is Tuesday, May 26th. Jernigan Capital’s dividend payout ratio (DPR) is 37.07%.

About Jernigan Capital

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.