Jernigan Capital, Inc. (NASDAQ:JCAP) Given Average Rating of “Moderate Buy” by Analysts

Jernigan Capital, Inc. (NASDAQ:JCAP) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.50.

A number of brokerages have recently issued reports on JCAP. Truist Financial boosted their price objective on shares of Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Zacks Research cut Jernigan Capital from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. Raymond James Financial boosted their price target on Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Jernigan Capital in a research report on Monday, August 31st. Finally, Citizens Jmp increased their price objective on shares of Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Friday, August 14th.

Jernigan Capital Price Performance

NASDAQ JCAP opened at $21.35 on Tuesday. The company has a 50-day moving average price of $20.50 and a 200-day moving average price of $19.61. Jernigan Capital has a 52 week low of $15.50 and a 52 week high of $24.44. The firm has a market capitalization of $1.23 billion, a P/E ratio of 8.71 and a beta of -0.14.

Jernigan Capital (NASDAQ:JCAP) last posted its quarterly earnings data on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. Jernigan Capital had a net margin of 23.50% and a return on equity of 35.87%. The company had revenue of $177.54 million for the quarter. As a group, equities research analysts anticipate that Jernigan Capital will post 2.39 EPS for the current year.

Jernigan Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 24th were given a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 4.5%. Jernigan Capital’s dividend payout ratio (DPR) is currently 39.18%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Jernigan Capital during the 2nd quarter valued at approximately $554,000. Sei Investments Co. purchased a new position in shares of Jernigan Capital in the second quarter worth $381,000. Jane Street Group LLC purchased a new position in shares of Jernigan Capital in the second quarter worth $1,480,000. Nantahala Capital Management LLC bought a new position in shares of Jernigan Capital during the second quarter worth $11,070,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Jernigan Capital during the second quarter worth $15,277,000.

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.