Jernigan Capital, Inc. (NASDAQ:JCAP) Receives $25.20 Average Target Price from Brokerages

Jernigan Capital, Inc. (NASDAQ:JCAP) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.20.

Several research firms have recently weighed in on JCAP. Weiss Ratings began coverage on shares of Jernigan Capital in a research report on Wednesday. They set a “buy (b-)” rating for the company. Texas Capital upgraded shares of Jernigan Capital to a “strong-buy” rating in a research report on Tuesday, February 10th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $28.00 price objective on shares of Jernigan Capital in a research report on Wednesday, December 24th. Finally, Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. New York State Common Retirement Fund acquired a new position in shares of Jernigan Capital in the fourth quarter worth about $34,000. Strs Ohio acquired a new position in shares of Jernigan Capital in the third quarter worth about $36,000. Quarry LP acquired a new position in shares of Jernigan Capital in the third quarter worth about $38,000. State of Wyoming acquired a new position in shares of Jernigan Capital in the third quarter worth about $60,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of Jernigan Capital in the third quarter worth about $60,000.

Jernigan Capital Price Performance

NASDAQ JCAP opened at $20.01 on Thursday. Jernigan Capital has a 12 month low of $15.98 and a 12 month high of $23.80. The company’s fifty day moving average price is $20.52 and its two-hundred day moving average price is $20.52. The company has a market capitalization of $1.11 billion and a price-to-earnings ratio of 9.39.

Jernigan Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 24th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, March 24th. Jernigan Capital’s dividend payout ratio (DPR) is presently 45.07%.

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.