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

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.20.

JCAP has been the topic of a number of recent research reports. Zacks Research raised Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Texas Capital raised Jernigan Capital to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings cut shares of Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th.

Jernigan Capital Stock Down 0.1%

Shares of JCAP opened at $17.15 on Friday. The business’s 50 day moving average price is $19.43 and its 200-day moving average price is $20.80. Jernigan Capital has a 52 week low of $15.98 and a 52 week high of $23.80. The stock has a market cap of $950.45 million and a P/E ratio of 6.62.

Jernigan Capital (NASDAQ:JCAP) last posted its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share for the quarter. The company had revenue of $154.80 million during the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%. On average, equities analysts anticipate that Jernigan Capital will post 2.79 EPS for the current year.

Jernigan Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Tuesday, May 26th. Jernigan Capital’s dividend payout ratio is currently 37.07%.

Institutional Investors Weigh In On Jernigan Capital

Several institutional investors and hedge funds have recently made changes to their positions in JCAP. New York State Common Retirement Fund purchased a new position in Jernigan Capital in the 4th quarter worth approximately $34,000. Strs Ohio purchased a new stake in Jernigan Capital during the 3rd quarter valued at $36,000. Quarry LP purchased a new stake in Jernigan Capital during the 3rd quarter valued at $38,000. State of Wyoming bought a new stake in shares of Jernigan Capital in the 3rd quarter worth $60,000. Finally, BNP Paribas Financial Markets bought a new stake in shares of Jernigan Capital in the 3rd quarter worth $60,000.

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.