B. Riley set a $25.00 price target on Jernigan Capital (NYSE:JCAP) in a research note published on Friday, December 29th. The firm currently has a buy rating on the real estate investment trust’s stock.
JCAP has been the subject of several other research reports. Zacks Investment Research raised shares of Jernigan Capital from a hold rating to a buy rating and set a $23.00 price objective for the company in a research report on Tuesday, November 28th. Jefferies Group reissued a hold rating and set a $22.00 price objective (down previously from $23.00) on shares of Jernigan Capital in a research report on Tuesday, September 26th. Robert W. Baird reissued a buy rating on shares of Jernigan Capital in a research report on Friday, November 3rd. ValuEngine upgraded shares of Jernigan Capital from a hold rating to a buy rating in a report on Monday, November 6th. Finally, FBR & Co set a $25.00 target price on shares of Jernigan Capital and gave the stock a buy rating in a report on Friday, October 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $24.17.
Jernigan Capital (NYSE JCAP) opened at $18.50 on Friday. Jernigan Capital has a 12-month low of $18.09 and a 12-month high of $24.89. The company has a market cap of $264.03, a PE ratio of 12.67 and a beta of 0.85.
Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. Jernigan Capital had a net margin of 151.13% and a return on equity of 7.44%. equities research analysts forecast that Jernigan Capital will post 1.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date was Friday, December 29th. Jernigan Capital’s dividend payout ratio is currently 95.89%.
In other news, Director James D. Dondero sold 23,000 shares of the stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $19.27, for a total value of $443,210.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James D. Dondero sold 48,900 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $20.21, for a total transaction of $988,269.00. The disclosure for this sale can be found here. Company insiders own 3.18% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Uniplan Investment Counsel Inc. increased its position in Jernigan Capital by 212.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 543,540 shares of the real estate investment trust’s stock worth $11,414,000 after acquiring an additional 369,588 shares during the period. TIAA CREF Investment Management LLC bought a new position in Jernigan Capital during the second quarter worth about $537,000. First Allied Advisory Services Inc. bought a new position in Jernigan Capital during the third quarter worth about $508,000. Raymond James Financial Services Advisors Inc. increased its holdings in Jernigan Capital by 25.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,967 shares of the real estate investment trust’s stock valued at $593,000 after buying an additional 5,527 shares during the period. Finally, Schwab Charles Investment Management Inc. bought a new position in Jernigan Capital in the 2nd quarter valued at about $348,000. 69.59% of the stock is currently owned by institutional investors and hedge funds.
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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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