Jernigan Capital (NASDAQ:JCAP) Upgraded at Zacks Research

Zacks Research upgraded shares of Jernigan Capital (NASDAQ:JCAP) from a strong sell rating to a hold rating in a report released on Tuesday,Zacks.com reports.

Separately, Weiss Ratings lowered shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Jernigan Capital presently has a consensus rating of “Moderate Buy” and an average target price of $25.20.

Jernigan Capital Trading Up 2.7%

Jernigan Capital stock opened at $19.66 on Tuesday. The company has a market capitalization of $1.21 billion and a PE ratio of 7.59. Jernigan Capital has a 12 month low of $15.50 and a 12 month high of $23.80. The stock has a 50-day moving average price of $17.75 and a two-hundred day moving average price of $19.88.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. The firm had revenue of $154.80 million for the quarter. Jernigan Capital had a return on equity of 38.63% and a net margin of 25.42%. As a group, analysts predict that Jernigan Capital will post 2.53 earnings per share for the current fiscal year.

Jernigan Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Tuesday, May 26th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Tuesday, May 26th. Jernigan Capital’s dividend payout ratio is presently 37.07%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. William Blair Investment Management LLC grew its position in shares of Jernigan Capital by 6.5% in the 4th quarter. William Blair Investment Management LLC now owns 1,484,109 shares of the real estate investment trust’s stock valued at $33,155,000 after buying an additional 89,967 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of Jernigan Capital during the third quarter worth about $81,000. SG Americas Securities LLC bought a new position in shares of Jernigan Capital during the fourth quarter worth about $137,000. Sei Investments Co. raised its position in shares of Jernigan Capital by 170.0% during the first quarter. Sei Investments Co. now owns 52,502 shares of the real estate investment trust’s stock worth $1,010,000 after acquiring an additional 33,055 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Jernigan Capital in the first quarter worth approximately $266,000.

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.