Jernigan Capital (NASDAQ:JCAP) Shares Down 5.5% – Time to Sell?

Jernigan Capital, Inc. (NASDAQ:JCAP) shares traded down 5.5% during mid-day trading on Monday. The company traded as low as $19.67 and last traded at $19.67. Approximately 5,414 shares traded hands during trading, a decline of 98% from the average session volume of 322,706 shares. The stock had previously closed at $20.82.

Wall Street Analyst Weigh In

JCAP has been the topic of a number of research reports. Citizens Jmp lifted their price target on shares of Jernigan Capital from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Friday, August 14th. Weiss Ratings cut Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Raymond James Financial lifted their target price on Jernigan Capital from $21.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Zacks Research upgraded Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Friday, October 23rd. Finally, Truist Financial increased their price target on Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a research note 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’s stock. According to MarketBeat.com, Jernigan Capital presently has an average rating of “Moderate Buy” and a consensus price target of $27.50.

Jernigan Capital Trading Down 0.3%

The stock has a 50 day moving average of $20.32 and a 200-day moving average of $19.97. The stock has a market capitalization of $1.14 billion, a P/E ratio of 8.07 and a beta of -0.05.

Jernigan Capital (NASDAQ:JCAP) last issued its earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 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 business had revenue of $177.54 million for the quarter. Research analysts anticipate that Jernigan Capital, Inc. will post 2.39 EPS for the current year.

Jernigan Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 24th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, August 24th. Jernigan Capital’s payout ratio is presently 39.18%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. William Blair Investment Management LLC lifted its holdings in shares of Jernigan Capital by 16.1% during the 3rd quarter. William Blair Investment Management LLC now owns 2,096,691 shares of the real estate investment trust’s stock valued at $40,005,000 after purchasing an additional 290,026 shares during the last quarter. State of Wyoming purchased a new position in Jernigan Capital during the 3rd quarter worth $65,000. Sterling Capital Management LLC increased its position in Jernigan Capital by 6,630.8% during 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 buying an additional 13,792 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Jernigan Capital by 135.7% in the third quarter. Nisa Investment Advisors LLC now owns 5,401 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 3,110 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Jernigan Capital during the third quarter worth about $41,000.

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.