Jernigan Capital, Inc. (NASDAQ:JCAP) Given Average Recommendation of “Buy” by Brokerages

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have been given an average recommendation of “Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $25.20.

A number of analysts have weighed in on JCAP shares. Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Weiss Ratings started coverage on shares of Jernigan Capital in a report on Wednesday, April 8th. They issued a “buy (b-)” rating for the company. Texas Capital raised shares of Jernigan Capital to a “strong-buy” rating in a report on Tuesday, February 10th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $28.00 price target on shares of Jernigan Capital in a report on Wednesday, December 24th.

Jernigan Capital Price Performance

Shares of Jernigan Capital stock opened at $20.79 on Thursday. Jernigan Capital has a fifty-two week low of $15.98 and a fifty-two week high of $23.80. The firm has a fifty day moving average price of $20.46 and a two-hundred day moving average price of $20.59. The company has a market cap of $1.15 billion and a PE ratio of 9.76.

Jernigan Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 24th were issued a $0.24 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.96 dividend on an annualized basis and a yield of 4.6%. Jernigan Capital’s dividend payout ratio is 45.07%.

Hedge Funds Weigh In On Jernigan Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in JCAP. Norges Bank bought a new position in shares of Jernigan Capital during the 2nd quarter worth about $554,000. Sei Investments Co. bought a new position in shares of Jernigan Capital during the 2nd quarter worth about $381,000. FJ Capital Management LLC bought a new position in shares of Jernigan Capital during the 2nd quarter worth about $1,594,000. Jane Street Group LLC bought a new position in shares of Jernigan Capital during the 2nd quarter worth about $1,480,000. Finally, Nantahala Capital Management LLC bought a new position in shares of Jernigan Capital during the 2nd quarter worth about $11,070,000.

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.