Swiss National Bank Acquires New Position in Jernigan Capital, Inc. $JCAP

Swiss National Bank acquired a new stake in shares of Jernigan Capital, Inc. (NASDAQ:JCAP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,200 shares of the real estate investment trust’s stock, valued at approximately $735,000. Swiss National Bank owned about 0.06% of Jernigan Capital as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JCAP. New York State Common Retirement Fund purchased a new position in shares of Jernigan Capital in the fourth quarter worth about $34,000. Quarry LP purchased a new stake in shares of Jernigan Capital during the 3rd quarter valued at approximately $38,000. BNP Paribas Financial Markets purchased a new stake in shares of Jernigan Capital during the 3rd quarter valued at approximately $60,000. Police & Firemen s Retirement System of New Jersey lifted its stake 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. boosted its holdings in Jernigan Capital by 100.8% in the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 2,044 shares during the period.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on JCAP shares. Weiss Ratings lowered 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, July 14th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Jernigan Capital currently has an average rating of “Moderate Buy” and an average price target of $27.00.

Jernigan Capital Stock Up 0.2%

JCAP stock opened at $20.11 on Friday. The firm has a market capitalization of $1.24 billion and a PE ratio of 7.76. Jernigan Capital, Inc. has a twelve month low of $15.50 and a twelve month high of $23.80. The stock has a 50-day simple moving average of $18.10 and a two-hundred day simple moving average of $19.71.

Jernigan Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, May 26th. Jernigan Capital’s dividend payout ratio is presently 37.07%.

Jernigan Capital 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.