Wall Street analysts expect Jernigan Capital Inc (NYSE:JCAP) to report earnings per share (EPS) of $0.32 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Jernigan Capital’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.35. Jernigan Capital reported earnings of $0.36 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 11.1%. The firm is expected to report its next earnings results after the market closes on Wednesday, May 1st.
On average, analysts expect that Jernigan Capital will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.74 to $2.30. For the next fiscal year, analysts forecast that the company will post earnings of $1.41 per share, with EPS estimates ranging from $1.28 to $1.54. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Jernigan Capital.
Separately, Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.00.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 1st were paid a dividend of $0.35 per share. The ex-dividend date was Friday, March 29th. This represents a $1.40 annualized dividend and a dividend yield of 6.72%. Jernigan Capital’s dividend payout ratio is presently 67.31%.
Institutional investors have recently made changes to their positions in the company. Loeb Partners Corp acquired a new position in Jernigan Capital in the fourth quarter worth about $40,000. FCA Corp TX acquired a new position in Jernigan Capital in the fourth quarter worth about $109,000. Spectrum Management Group Inc. acquired a new position in Jernigan Capital in the first quarter worth about $126,000. Metropolitan Life Insurance Co. NY grew its stake in Jernigan Capital by 569.9% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,873 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 5,847 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in Jernigan Capital in the fourth quarter worth about $224,000. Institutional investors own 72.14% of the company’s stock.
Jernigan Capital Company Profile
Jernigan Capital, Inc 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. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.
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