Jernigan Capital Inc. (NYSE:JCAP) has earned a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus price objective of $20.83 for the company and are predicting that the company will post $0.46 EPS for the current quarter, according to Zacks. Zacks has also given Jernigan Capital an industry rank of 78 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on JCAP. Zacks Investment Research upgraded Jernigan Capital from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday, August 12th. FBR & Co began coverage on Jernigan Capital in a research note on Thursday, June 23rd. They set an “outperform” rating and a $20.00 price objective for the company.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Institutional Trust Company N.A. boosted its position in Jernigan Capital by 1.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 32,748 shares of the company’s stock valued at $512,000 after buying an additional 547 shares in the last quarter. BlackRock Fund Advisors boosted its position in Jernigan Capital by 31.0% in the second quarter. BlackRock Fund Advisors now owns 19,428 shares of the company’s stock valued at $271,000 after buying an additional 4,601 shares in the last quarter. Centerbridge Partners L.P. boosted its position in Jernigan Capital by 14.2% in the second quarter. Centerbridge Partners L.P. now owns 57,100 shares of the company’s stock valued at $795,000 after buying an additional 7,100 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in Jernigan Capital by 58.6% in the second quarter. Parametric Portfolio Associates LLC now owns 35,368 shares of the company’s stock valued at $493,000 after buying an additional 13,073 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Jernigan Capital by 6.6% in the second quarter. Vanguard Group Inc. now owns 253,877 shares of the company’s stock valued at $3,539,000 after buying an additional 15,708 shares in the last quarter. Hedge funds and other institutional investors own 37.13% of the company’s stock.
Jernigan Capital (NYSE:JCAP) traded down 1.50% on Thursday, hitting $17.11. The stock had a trading volume of 35,789 shares. The firm has a 50-day moving average of $17.51 and a 200 day moving average of $14.92. The company has a market capitalization of $99.65 million, a price-to-earnings ratio of 25.58 and a beta of 0.85. Jernigan Capital has a 52 week low of $10.10 and a 52 week high of $19.62.
Jernigan Capital (NYSE:JCAP) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.99 earnings per share for the quarter. Jernigan Capital had a return on equity of 6.11% and a net margin of 100.80%. On average, analysts predict that Jernigan Capital will post ($0.47) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Saturday, October 1st will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 8.06%. The ex-dividend date of this dividend is Wednesday, September 28th. Jernigan Capital’s dividend payout ratio is currently 205.89%.
Jernigan Capital Company Profile
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
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