Renaissance Technologies LLC Acquires 82,432 Shares of Jernigan Capital, Inc. $JCAP

Renaissance Technologies LLC increased its stake in Jernigan Capital, Inc. (NASDAQ:JCAP) by 86.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 178,032 shares of the real estate investment trust’s stock after buying an additional 82,432 shares during the period. Renaissance Technologies LLC’s holdings in Jernigan Capital were worth $3,424,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new stake in Jernigan Capital during the fourth quarter worth about $34,000. Quarry LP purchased a new position in Jernigan Capital in the third quarter valued at about $38,000. Police & Firemen s Retirement System of New Jersey boosted its stake in Jernigan Capital by 133.1% in the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 1,921 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Jernigan Capital during the 3rd quarter valued at approximately $60,000. Finally, Assetmark Inc. grew its position in shares of Jernigan Capital by 100.8% during the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 2,044 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JCAP. Weiss Ratings downgraded Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Zacks Research raised shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.00.

Jernigan Capital Stock Performance

Shares of JCAP stock opened at $21.22 on Friday. Jernigan Capital, Inc. has a 52-week low of $15.50 and a 52-week high of $23.80. The company has a market capitalization of $1.31 billion, a PE ratio of 8.19 and a beta of -0.16. The business’s fifty day moving average is $18.45 and its 200 day moving average is $19.63.

Jernigan Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, May 26th. 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.