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

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $25.20.

A number of analysts have issued reports on JCAP shares. Zacks Research raised Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, June 3rd.

Jernigan Capital Price Performance

JCAP stock opened at $19.06 on Friday. The business has a 50 day simple moving average of $17.74 and a 200-day simple moving average of $19.83. The firm has a market capitalization of $1.17 billion and a PE ratio of 7.36. Jernigan Capital has a 1 year low of $15.50 and a 1 year high of $23.80.

Jernigan Capital (NASDAQ:JCAP) last announced its quarterly earnings data 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%. On average, equities research analysts expect that Jernigan Capital will post 2.53 EPS for the current year.

Jernigan Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.0%. The ex-dividend date was Tuesday, May 26th. Jernigan Capital’s payout ratio is presently 37.07%.

Institutional Trading of Jernigan Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Jernigan Capital by 64.9% in the fourth quarter. Wellington Management Group LLP now owns 1,817,039 shares of the real estate investment trust’s stock valued at $40,593,000 after acquiring an additional 715,258 shares during the last quarter. Principal Financial Group Inc. increased its stake in 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 acquiring an additional 763,766 shares during the last quarter. William Blair Investment Management LLC raised its position in Jernigan Capital by 6.5% in the fourth 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 purchasing an additional 89,967 shares during the period. Adage Capital Partners GP L.L.C. raised its position in Jernigan Capital by 5.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,287,509 shares of the real estate investment trust’s stock valued at $28,763,000 after purchasing an additional 68,341 shares during the period. Finally, Punch & Associates Investment Management Inc. purchased a new stake in Jernigan Capital in the first quarter valued at $21,458,000.

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.