William Blair Investment Management LLC Grows Stock Position in Jernigan Capital, Inc. $JCAP

William Blair Investment Management LLC grew its position in Jernigan Capital, Inc. (NASDAQ:JCAP) by 6.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,484,109 shares of the real estate investment trust’s stock after buying an additional 89,967 shares during the quarter. William Blair Investment Management LLC owned approximately 0.06% of Jernigan Capital worth $33,155,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of Jernigan Capital in the third quarter valued at approximately $93,000. JPMorgan Chase & Co. purchased a new position in shares of Jernigan Capital in the third quarter valued at approximately $81,000. BNP Paribas Financial Markets purchased a new position in shares of Jernigan Capital in the third quarter valued at approximately $60,000. Quarry LP purchased a new position in shares of Jernigan Capital in the third quarter valued at approximately $38,000. Finally, SG Americas Securities LLC purchased a new position in shares of Jernigan Capital in the fourth quarter valued at approximately $137,000.

Jernigan Capital Stock Performance

NASDAQ:JCAP opened at $17.29 on Monday. Jernigan Capital, Inc. has a one year low of $15.98 and a one year high of $23.80. The stock has a market cap of $958.21 million and a PE ratio of 6.68. The stock has a 50 day moving average price of $19.67 and a 200 day moving average price of $20.86.

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

Jernigan Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JCAP. Texas Capital upgraded Jernigan Capital to a “strong-buy” rating in a research report on Tuesday, February 10th. Weiss Ratings cut Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, Zacks Research raised Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Jernigan Capital has a consensus rating of “Moderate Buy” and an average price target of $25.20.

Jernigan Capital Company Profile

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.