Media stories about Jernigan Capital (NYSE:JCAP) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Jernigan Capital earned a news sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- $0.40 Earnings Per Share Expected for Jernigan Capital, Inc. (NYSE:JCAP) This Quarter (americanbankingnews.com)
- Jernigan Capital, Inc. (NYSE:JCAP) Sees Heavy Trading Volume with 255K Shares Changing Hands (highlightpress.com)
- Head to Head Comparison: Communications Sales & Leasing,Inc. (UNIT) and Jernigan Capital (NYSE:JCAP) (americanbankingnews.com)
- Jernigan Capital, Inc. (NYSE:JCAP) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Edited Transcript of JCAP earnings conference call or presentation 3-Aug-17 3:00pm GMT (finance.yahoo.com)
Shares of Jernigan Capital (JCAP) traded down 1.76% during mid-day trading on Tuesday, reaching $21.22. The company’s stock had a trading volume of 166,186 shares. The company’s 50-day moving average is $22.26 and its 200-day moving average is $22.24. Jernigan Capital has a 52 week low of $16.00 and a 52 week high of $24.89. The stock has a market capitalization of $302.13 million, a price-to-earnings ratio of 11.41 and a beta of 0.84.
Jernigan Capital (NYSE:JCAP) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.12. Jernigan Capital had a net margin of 77.49% and a return on equity of 3.09%. The company had revenue of $3.10 million during the quarter, compared to analysts’ expectations of $2.53 million. During the same period in the previous year, the company earned $0.99 EPS. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities analysts predict that Jernigan Capital will post $1.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Monday, October 2nd will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, September 29th. This represents a $1.40 annualized dividend and a dividend yield of 6.60%. Jernigan Capital’s payout ratio is 69.65%.
A number of research analysts have recently issued reports on JCAP shares. FBR & Co reiterated a “buy” rating and issued a $25.00 price target on shares of Jernigan Capital in a report on Tuesday, May 30th. ValuEngine downgraded Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th. BidaskClub downgraded Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, TheStreet upgraded Jernigan Capital from a “c+” rating to a “b” rating in a research note on Monday, June 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $25.00.
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In other Jernigan Capital news, Director James D. Dondero bought 100,000 shares of Jernigan Capital stock in a transaction that occurred on Tuesday, June 27th. The shares were acquired at an average price of $22.00 per share, for a total transaction of $2,200,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.18% of the company’s stock.
About Jernigan Capital
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
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