Jernigan Capital, Inc. $JCAP Shares Acquired by William Blair Investment Management LLC

William Blair Investment Management LLC grew its position in Jernigan Capital, Inc. (NASDAQ:JCAP) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,484,109 shares of the real estate investment trust’s stock after purchasing an additional 89,967 shares during the period. William Blair Investment Management LLC owned approximately 6.38% of Jernigan Capital worth $33,155,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of Jernigan Capital in the third quarter worth about $36,000. Quarry LP purchased a new stake in shares of Jernigan Capital in the third quarter worth about $38,000. BNP Paribas Financial Markets purchased a new stake in shares of Jernigan Capital in the third quarter worth about $60,000. State of Wyoming purchased a new stake in shares of Jernigan Capital in the third quarter worth about $60,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Jernigan Capital in the third quarter worth about $81,000.

Analysts Set New Price Targets

A number of analysts have recently commented on JCAP shares. Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Weiss Ratings downgraded Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, Texas Capital upgraded Jernigan Capital to a “strong-buy” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $25.20.

Jernigan Capital Stock Performance

Shares of JCAP stock opened at $17.29 on Monday. The company has a market capitalization of $958.21 million and a P/E ratio of 6.68. The business’s 50 day moving average is $19.67 and its two-hundred day moving average is $20.86. Jernigan Capital, Inc. has a 12-month low of $15.98 and a 12-month high of $23.80.

Jernigan Capital (NASDAQ:JCAP) last issued its quarterly earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter. The company 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, research analysts predict that Jernigan Capital, Inc. will post 2.79 earnings per share for the current fiscal year.

Jernigan Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th will be given a dividend of $0.24 per share. The ex-dividend date is Tuesday, May 26th. This represents a $0.96 dividend on an annualized basis and a yield of 5.6%. Jernigan Capital’s dividend payout ratio is currently 37.07%.

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.