Shares of Jernigan Capital, Inc. (NYSE:JCAP) have been assigned a consensus rating of “Buy” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $24.25.
A number of analysts have weighed in on the stock. BidaskClub downgraded shares of Jernigan Capital from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Zacks Investment Research downgraded shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. KeyCorp assumed coverage on shares of Jernigan Capital in a research report on Thursday, October 19th. They set an “overweight” rating and a $24.00 target price for the company. TheStreet downgraded shares of Jernigan Capital from a “b” rating to a “c” rating in a research report on Monday, August 21st. Finally, ValuEngine downgraded shares of Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st.
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Jernigan Capital (NYSE JCAP) opened at $20.31 on Friday. The stock has a market cap of $285.53 and a P/E ratio of 13.90. Jernigan Capital has a fifty-two week low of $17.98 and a fifty-two week high of $24.89.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend is Friday, December 29th. Jernigan Capital’s dividend payout ratio (DPR) is 97.22%.
Several hedge funds have recently made changes to their positions in JCAP. D.A. Davidson & CO. acquired a new stake in shares of Jernigan Capital during the 2nd quarter worth approximately $102,000. Nationwide Fund Advisors acquired a new stake in shares of Jernigan Capital during the 2nd quarter worth approximately $119,000. UBS Group AG grew its position in shares of Jernigan Capital by 226.1% during the 1st quarter. UBS Group AG now owns 6,966 shares of the real estate investment trust’s stock worth $160,000 after buying an additional 4,830 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Jernigan Capital during the 2nd quarter worth approximately $175,000. Finally, American International Group Inc. grew its position in shares of Jernigan Capital by 51.2% during the 3rd quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 2,943 shares during the period. 58.96% of the stock is owned by institutional investors.
Jernigan Capital Company Profile
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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