Jernigan Capital Inc (JCAP) Receives Average Rating of “Buy” from Brokerages

Jernigan Capital Inc (NYSE:JCAP) has been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $24.00.

Separately, Zacks Investment Research lowered shares of Jernigan Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th.

In other news, CEO John A. Good acquired 2,100 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were bought at an average cost of $20.97 per share, with a total value of $44,037.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James D. Dondero sold 88,837 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $21.09, for a total transaction of $1,873,572.33. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. grew its position in Jernigan Capital by 156.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,693 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 3,473 shares during the last quarter. Coastal Investment Advisors Inc. purchased a new stake in Jernigan Capital during the 1st quarter valued at about $507,000. SEI Investments Co purchased a new stake in Jernigan Capital during the 1st quarter valued at about $29,000. Ranger Global Real Estate Advisors LLC grew its position in Jernigan Capital by 13.6% during the 1st quarter. Ranger Global Real Estate Advisors LLC now owns 444,895 shares of the real estate investment trust’s stock valued at $9,361,000 after purchasing an additional 53,336 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Jernigan Capital by 20.6% during the 1st quarter. Geode Capital Management LLC now owns 215,703 shares of the real estate investment trust’s stock valued at $4,538,000 after purchasing an additional 36,789 shares during the last quarter. 67.29% of the stock is currently owned by institutional investors.

Shares of Jernigan Capital stock traded down $0.04 during trading on Thursday, hitting $21.04. The company’s stock had a trading volume of 105,500 shares, compared to its average volume of 131,633. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $457.16 million, a price-to-earnings ratio of 10.12 and a beta of 0.55. Jernigan Capital has a 52 week low of $17.91 and a 52 week high of $22.20.

Jernigan Capital (NYSE:JCAP) last issued its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.21. The company had revenue of $9.88 million during the quarter, compared to analyst estimates of $9.23 million. Jernigan Capital had a net margin of 170.35% and a return on equity of 20.04%. On average, equities analysts anticipate that Jernigan Capital will post 1.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.65%. The ex-dividend date is Friday, June 28th. Jernigan Capital’s dividend payout ratio (DPR) is 67.31%.

About Jernigan Capital

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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