Lido Advisors LLC raised its holdings in Jernigan Capital Inc (NYSE:JCAP) by 43.6% in the 4th quarter, Holdings Channel reports. The firm owned 111,998 shares of the real estate investment trust’s stock after purchasing an additional 33,998 shares during the quarter. Lido Advisors LLC’s holdings in Jernigan Capital were worth $2,129,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Nationwide Fund Advisors bought a new stake in shares of Jernigan Capital during the second quarter worth $119,000. The Manufacturers Life Insurance Company bought a new stake in shares of Jernigan Capital during the second quarter worth $175,000. American International Group Inc. raised its position in shares of Jernigan Capital by 51.2% during the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 2,943 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Jernigan Capital by 2,347.8% during the third quarter. JPMorgan Chase & Co. now owns 8,763 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 8,405 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Jernigan Capital by 99.9% during the fourth quarter. US Bancorp DE now owns 9,343 shares of the real estate investment trust’s stock worth $178,000 after acquiring an additional 4,669 shares during the last quarter. Hedge funds and other institutional investors own 72.10% of the company’s stock.
JCAP has been the subject of a number of recent research reports. Zacks Investment Research upgraded Jernigan Capital from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Tuesday, November 28th. ValuEngine downgraded Jernigan Capital from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. B. Riley set a $25.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Finally, KeyCorp set a $22.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Tuesday, March 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.50.
Shares of Jernigan Capital Inc (NYSE JCAP) opened at $18.29 on Thursday. The company has a market capitalization of $261.21, a PE ratio of 16.02 and a beta of 0.69. Jernigan Capital Inc has a fifty-two week low of $15.90 and a fifty-two week high of $24.89.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, April 2nd will be issued a $0.35 dividend. The ex-dividend date is Thursday, March 29th. This represents a $1.40 dividend on an annualized basis and a yield of 7.65%. Jernigan Capital’s dividend payout ratio is presently 125.00%.
In related news, Director James D. Dondero sold 23,000 shares of the company’s stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $19.27, for a total value of $443,210.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.18% of the company’s stock.
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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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