Analysts expect Jernigan Capital Inc (NYSE:JCAP) to report $8.98 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Jernigan Capital’s earnings, with the lowest sales estimate coming in at $8.47 million and the highest estimate coming in at $10.05 million. Jernigan Capital reported sales of $3.93 million during the same quarter last year, which indicates a positive year over year growth rate of 128.5%. The firm is expected to issue its next earnings results after the market closes on Wednesday, February 27th.
According to Zacks, analysts expect that Jernigan Capital will report full year sales of $30.16 million for the current fiscal year, with estimates ranging from $28.98 million to $31.60 million. For the next fiscal year, analysts forecast that the company will post sales of $44.83 million, with estimates ranging from $40.95 million to $48.03 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Jernigan Capital.
Several brokerages recently issued reports on JCAP. KeyCorp set a $23.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Raymond James raised their price objective on shares of Jernigan Capital from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, December 11th. Zacks Investment Research raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a report on Wednesday, November 28th. Finally, B. Riley set a $26.00 price target on shares of Jernigan Capital and gave the company a “buy” rating in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $23.60.
Shares of JCAP stock traded up $0.09 on Friday, hitting $21.86. 77,567 shares of the company’s stock traded hands, compared to its average volume of 121,153. The firm has a market cap of $423.75 million, a P/E ratio of 20.24 and a beta of 0.59. Jernigan Capital has a one year low of $16.75 and a one year high of $22.05.
In other news, Director James D. Dondero sold 19,081 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $21.17, for a total transaction of $403,944.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.40% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in JCAP. Loeb Partners Corp acquired a new stake in shares of Jernigan Capital in the 4th quarter worth $40,000. Metropolitan Life Insurance Co. NY increased its position in shares of Jernigan Capital by 569.9% during the 4th 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 during the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of Jernigan Capital during the 4th quarter worth about $224,000. American International Group Inc. increased its position in shares of Jernigan Capital by 35.4% during the 3rd quarter. American International Group Inc. now owns 11,927 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 3,116 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Jernigan Capital during the 4th quarter worth about $249,000. Hedge funds and other institutional investors own 68.10% 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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