Jernigan Capital, Inc. (NYSE:JCAP) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 31st. Analysts expect Jernigan Capital to post earnings of $0.38 per share for the quarter.
Jernigan Capital (NYSE:JCAP) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.12. Jernigan Capital had a net margin of 185.96% and a return on equity of 9.37%. The firm had revenue of $3.10 million during the quarter, compared to analysts’ expectations of $2.53 million. During the same period in the prior year, the company posted $0.99 EPS. The company’s revenue was down 3.7% on a year-over-year basis. On average, analysts expect Jernigan Capital to post $1.61 EPS for the current fiscal year and $2.98 EPS for the next fiscal year.
Jernigan Capital, Inc. (JCAP) opened at 20.86 on Friday. The firm has a 50-day moving average of $20.57 and a 200 day moving average of $21.52. Jernigan Capital, Inc. has a 12 month low of $17.01 and a 12 month high of $24.89. The firm has a market capitalization of $292.77 million, a PE ratio of 11.18 and a beta of 0.89.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, October 2nd were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.71%. The ex-dividend date was Friday, September 29th. Jernigan Capital’s dividend payout ratio (DPR) is presently 69.65%.
In other news, Director Howard A. Silver bought 2,481 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The shares were bought at an average cost of $20.15 per share, with a total value of $49,992.15. Following the completion of the purchase, the director now directly owns 15,704 shares in the company, valued at $316,435.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John A. Good bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The stock was purchased at an average cost of $21.65 per share, for a total transaction of $108,250.00. Following the completion of the purchase, the insider now owns 217,308 shares of the company’s stock, valued at $4,704,718.20. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 10,600 shares of company stock worth $222,416. 3.18% of the stock is owned by insiders.
A hedge fund recently bought a new stake in Jernigan Capital stock. State Street Corp acquired a new stake in shares of Jernigan Capital, Inc. (NYSE:JCAP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 108,686 shares of the real estate investment trust’s stock, valued at approximately $2,392,000. State Street Corp owned 0.76% of Jernigan Capital at the end of the most recent quarter. 60.65% of the stock is currently owned by institutional investors and hedge funds.
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Several research analysts have commented on JCAP shares. Zacks Investment Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 6th. BidaskClub downgraded shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. ValuEngine downgraded shares of Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 1st. TheStreet downgraded shares of Jernigan Capital from a “b” rating to a “c” rating in a research note on Monday, August 21st. Finally, FBR & Co reaffirmed a “buy” rating and issued a $25.00 target price on shares of Jernigan Capital in a research note on Thursday, September 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $24.20.
About Jernigan Capital
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.
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