Jernigan Capital, Inc. (NASDAQ:JCAP) Stock Has Consensus Price Target of $27.50 According to Analysts

Jernigan Capital, Inc. (NASDAQ:JCAP) has received an average rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $27.50.

JCAP has been the topic of several recent research reports. Raymond James Financial lifted their target price on Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Citizens Jmp increased their price target on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a research note on Friday, August 14th. Weiss Ratings cut Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 16th. Truist Financial raised their price objective on Jernigan Capital from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Finally, Zacks Research raised Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, October 23rd.

Jernigan Capital Stock Performance

JCAP stock opened at $20.08 on Wednesday. The company has a fifty day moving average price of $20.39 and a 200-day moving average price of $20.01. The company has a market capitalization of $1.15 billion, a P/E ratio of 7.80 and a beta of -0.05. Jernigan Capital has a 52-week low of $15.50 and a 52-week high of $24.44.

Jernigan Capital (NASDAQ:JCAP) last issued its quarterly earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. Jernigan Capital had a net margin of 23.50% and a return on equity of 35.87%. The company had revenue of $177.54 million for the quarter. As a group, sell-side analysts forecast that Jernigan Capital will post 2.39 earnings per share for the current fiscal year.

Jernigan Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 24th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Monday, August 24th. Jernigan Capital’s dividend payout ratio is currently 39.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JCAP. Principal Financial Group Inc. increased its position in shares of Jernigan Capital by 98.8% during the first quarter. Principal Financial Group Inc. now owns 1,537,054 shares of the real estate investment trust’s stock worth $29,558,000 after buying an additional 763,766 shares during the period. Punch & Associates Investment Management Inc. bought a new position in Jernigan Capital during the first quarter worth $21,458,000. North Reef Capital Management LP lifted its holdings in Jernigan Capital by 122.2% in the first quarter. North Reef Capital Management LP now owns 532,151 shares of the real estate investment trust’s stock valued at $10,233,000 after buying an additional 292,678 shares during the period. Alyeska Investment Group L.P. lifted its holdings in Jernigan Capital by 4.6% in the second quarter. Alyeska Investment Group L.P. now owns 258,318 shares of the real estate investment trust’s stock valued at $5,029,000 after buying an additional 11,246 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in Jernigan Capital by 86.2% in the first quarter. Renaissance Technologies LLC now owns 178,032 shares of the real estate investment trust’s stock valued at $3,424,000 after buying an additional 82,432 shares during the period.

Jernigan Capital Company Profile

Jernigan Capital, Inc was a real estate finance company focused on the self-storage industry. The company provided capital to developers and owners of self-storage properties, primarily through structured investments designed to support the development, acquisition, and expansion of storage facilities.

Its investment activities concentrated on self-storage projects in major and high-growth markets across the United States. Jernigan Capital generally sought to participate in the value created through the development and operation of these properties rather than operating a broad portfolio of unrelated real estate assets.

The company was associated with self-storage executive Dean Jernigan, who served as its chief executive officer.