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

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have received an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $27.50.

A number of research analysts have weighed in on JCAP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Jernigan Capital in a research report on Monday, August 31st. Raymond James Financial raised their price target on Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Zacks Research lowered Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th. Citizens Jmp upped their price target on shares of Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a report on Friday, August 14th. Finally, 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 research note on Friday, August 14th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JCAP. Punch & Associates Investment Management Inc. bought a new stake in Jernigan Capital during the 1st quarter valued at $21,458,000. Wellington Management Group LLP purchased a new position in shares of Jernigan Capital during the third quarter valued at $19,017,000. Adage Capital Partners GP L.L.C. purchased a new position in shares of Jernigan Capital during the second quarter valued at $15,277,000. Principal Financial Group Inc. raised its holdings in shares of Jernigan Capital by 98.8% in the first 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 in the last quarter. Finally, Nantahala Capital Management LLC bought a new stake in shares of Jernigan Capital in the second quarter valued at about $11,070,000.

Jernigan Capital Stock Performance

JCAP stock opened at $21.35 on Tuesday. The firm has a fifty day moving average price of $20.50 and a 200 day moving average price of $19.61. Jernigan Capital has a fifty-two week low of $15.50 and a fifty-two week high of $24.44. The firm has a market cap of $1.23 billion, a PE ratio of 8.71 and a beta of -0.14.

Jernigan Capital (NASDAQ:JCAP) last released its quarterly earnings data on Thursday, August 13th. The real estate investment trust reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Jernigan Capital had a net margin of 23.50% and a return on equity of 35.87%. The business had revenue of $177.54 million during the quarter. On average, equities analysts predict that Jernigan Capital will post 2.39 EPS for the current year.

Jernigan Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 24th were given a dividend of $0.24 per share. 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 4.5%. Jernigan Capital’s dividend payout ratio (DPR) is 39.18%.

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.