Jernigan Capital, Inc. (NASDAQ:JCAP) Given Average Rating of “Moderate Buy” by Analysts

Jernigan Capital, Inc. (NASDAQ:JCAP) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $25.20.

Several analysts have commented on JCAP shares. Zacks Research cut shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd.

Jernigan Capital Stock Performance

JCAP opened at $16.97 on Tuesday. Jernigan Capital has a fifty-two week low of $15.50 and a fifty-two week high of $23.80. The firm’s fifty day moving average is $18.41 and its 200 day moving average is $20.26. The stock has a market cap of $940.48 million and a price-to-earnings ratio of 6.55.

Jernigan Capital (NASDAQ:JCAP) last released its 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 company had revenue of $154.80 million for the quarter. On average, equities research analysts predict that Jernigan Capital will post 2.53 earnings per share for the current year.

Jernigan Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th were paid a $0.24 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $0.96 annualized dividend and a yield of 5.7%. Jernigan Capital’s payout ratio is presently 37.07%.

Institutional Trading of Jernigan Capital

Hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund purchased a new stake in shares of Jernigan Capital during the 4th quarter valued at about $34,000. Quarry LP purchased a new stake in shares of Jernigan Capital during the 3rd quarter valued at about $38,000. BNP Paribas Financial Markets purchased a new stake in shares of Jernigan Capital during the 3rd quarter valued at about $60,000. Police & Firemen s Retirement System of New Jersey raised its position in shares of Jernigan Capital by 133.1% during the 4th 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 buying an additional 1,921 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Jernigan Capital by 100.8% during the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 2,044 shares in the last quarter.

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.