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

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $27.50.

A number of research analysts have issued reports on the stock. Truist Financial raised their price target on shares of Jernigan Capital from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Zacks Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th. Citizens Jmp boosted their price objective on shares of Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Friday, August 14th. Weiss Ratings raised Jernigan Capital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 14th. Finally, Raymond James Financial raised their target price on Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in Jernigan Capital by 86.2% in the first quarter. Renaissance Technologies LLC now owns 178,032 shares of the real estate investment trust’s stock valued at $3,424,000 after buying an additional 82,432 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Jernigan Capital by 98.8% during the 1st quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock valued at $29,558,000 after acquiring an additional 763,766 shares during the period. North Reef Capital Management LP lifted its stake in Jernigan Capital by 122.2% during the 1st quarter. North Reef Capital Management LP now owns 532,151 shares of the real estate investment trust’s stock valued at $10,233,000 after acquiring an additional 292,678 shares during the period. Bank of America Corp DE boosted its holdings in shares of Jernigan Capital by 95.9% in the 1st quarter. Bank of America Corp DE now owns 58,859 shares of the real estate investment trust’s stock valued at $1,132,000 after acquiring an additional 28,815 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. purchased a new stake in shares of Jernigan Capital in the 1st quarter valued at $21,458,000.

Jernigan Capital Stock Up 0.6%

JCAP opened at $19.25 on Friday. The company has a market cap of $1.11 billion, a P/E ratio of 7.86 and a beta of -0.02. The firm’s 50-day moving average price is $20.95 and its 200-day moving average price is $19.54. Jernigan Capital has a 52-week low of $15.50 and a 52-week high of $24.44.

Jernigan Capital (NASDAQ:JCAP) last released its earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The company had revenue of $177.54 million during the quarter. Jernigan Capital had a net margin of 23.50% and a return on equity of 35.87%. On average, research analysts anticipate that Jernigan Capital will post 2.39 EPS for the current fiscal year.

Jernigan Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 24th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.0%. Jernigan Capital’s dividend payout ratio is currently 39.18%.

Jernigan Capital Company Profile

Jernigan Capital, Inc was a real estate investment company focused on the self-storage industry. The company provided capital to self-storage developers and operators, primarily through structured investments intended to fund the development, redevelopment, acquisition and expansion of storage facilities.

Its investment activities included construction financing and equity-oriented investments in self-storage properties across the United States. Jernigan Capital generally sought to participate in the growth and value creation of these properties while maintaining exposure to the operating performance of the underlying facilities.

The company was founded by Dean Jernigan, a longtime self-storage industry executive, and was headquartered in Memphis, Tennessee.