Jernigan Capital (NASDAQ:JCAP) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Jernigan Capital, Inc. (NASDAQ:JCAP) shares crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $20.07 and traded as low as $19.97. Jernigan Capital shares last traded at $20.04, with a volume of 218,836 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on JCAP shares. Raymond James Financial raised their price objective on Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings lowered Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, October 23rd. Citizens Jmp increased their price target on Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a research note on Friday, August 14th. Finally, Truist Financial raised their price target on Jernigan Capital from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Jernigan Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.50.

Jernigan Capital Stock Performance

The business’s 50 day moving average is $20.67 and its 200 day moving average is $20.07. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 8.18 and a beta of -0.02.

Jernigan Capital (NASDAQ:JCAP) last released its earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.14. The company had revenue of $177.54 million for the quarter. Sell-side analysts predict that Jernigan Capital, Inc. will post 2.39 EPS for the current year.

Jernigan Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 24th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.8%. Jernigan Capital’s dividend payout ratio (DPR) is currently 39.18%.

Hedge Funds Weigh In On Jernigan Capital

Several hedge funds have recently made changes to their positions in the company. Sterling Capital Management LLC increased its position in shares of Jernigan Capital by 6,630.8% in the 3rd quarter. Sterling Capital Management LLC now owns 14,000 shares of the real estate investment trust’s stock valued at $267,000 after acquiring an additional 13,792 shares during the period. Nisa Investment Advisors LLC raised its stake in Jernigan Capital by 135.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,401 shares of the real estate investment trust’s stock worth $103,000 after acquiring an additional 3,110 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Jernigan Capital during the 3rd quarter worth about $41,000. WINTON GROUP Ltd acquired a new stake in Jernigan Capital during the 2nd quarter worth about $211,000. Finally, Squarepoint Ops LLC acquired a new stake in Jernigan Capital during the 2nd quarter worth about $229,000.

Jernigan Capital Company Profile

Jernigan Capital, Inc was a real estate finance company focused on the self-storage industry. The company provided capital to developers and owners of self-storage properties, primarily through structured investments designed to support the development, acquisition, and expansion of storage facilities.

Its investment activities concentrated on self-storage projects in major and high-growth markets across the United States. Jernigan Capital generally sought to participate in the value created through the development and operation of these properties rather than operating a broad portfolio of unrelated real estate assets.

The company was associated with self-storage executive Dean Jernigan, who served as its chief executive officer.