Jernigan Capital, Inc. (NASDAQ:JCAP) Receives Consensus Rating of “Moderate Buy” from Analysts

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

Several equities research analysts have recently weighed in on JCAP shares. Weiss Ratings downgraded shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday.

Institutional Investors Weigh In On Jernigan Capital

Several large investors have recently modified their holdings of JCAP. New York State Common Retirement Fund purchased a new position in Jernigan Capital in the 4th quarter valued at $34,000. Quarry LP purchased a new position in Jernigan Capital during the 3rd quarter worth $38,000. BNP Paribas Financial Markets acquired a new stake in shares of Jernigan Capital in the 3rd quarter worth $60,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Jernigan Capital by 133.1% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 1,921 shares in the last quarter. Finally, Assetmark Inc. boosted its holdings in shares of Jernigan Capital by 100.8% in the first quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 2,044 shares in the last quarter.

Jernigan Capital Price Performance

Shares of Jernigan Capital stock opened at $19.54 on Friday. The firm’s fifty day simple moving average is $17.74 and its 200-day simple moving average is $19.88. Jernigan Capital has a 12 month low of $15.50 and a 12 month high of $23.80. The stock has a market capitalization of $1.20 billion and a price-to-earnings ratio of 7.54.

Jernigan Capital (NASDAQ:JCAP) last issued its quarterly earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share for the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. The firm had revenue of $154.80 million during the quarter. Analysts anticipate that Jernigan Capital will post 2.53 earnings per share for the current year.

Jernigan Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was 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.