Wells Fargo & Company MN trimmed its holdings in shares of Jernigan Capital (NYSE:JCAP) by 34.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,372 shares of the real estate investment trust’s stock after selling 39,754 shares during the period. Wells Fargo & Company MN owned approximately 0.52% of Jernigan Capital worth $1,414,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the business. US Bancorp DE boosted its holdings in shares of Jernigan Capital by 99.9% during the 4th quarter. US Bancorp DE now owns 9,343 shares of the real estate investment trust’s stock worth $178,000 after buying an additional 4,669 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Jernigan Capital by 25.4% during the 4th quarter. LSV Asset Management now owns 756,265 shares of the real estate investment trust’s stock worth $14,376,000 after buying an additional 153,387 shares in the last quarter. RMR Advisors LLC boosted its holdings in shares of Jernigan Capital by 846.0% during the 4th quarter. RMR Advisors LLC now owns 101,421 shares of the real estate investment trust’s stock worth $1,928,000 after buying an additional 90,700 shares in the last quarter. Orinda Asset Management LLC bought a new position in shares of Jernigan Capital during the 4th quarter worth approximately $190,000. Finally, Neuberger Berman Group LLC bought a new position in shares of Jernigan Capital during the 3rd quarter worth approximately $261,000. Hedge funds and other institutional investors own 72.10% of the company’s stock.
Shares of JCAP opened at $18.51 on Friday. Jernigan Capital has a 12-month low of $15.90 and a 12-month high of $24.89. The firm has a market capitalization of $268.28, a P/E ratio of 16.45 and a beta of 0.56.
Jernigan Capital (NYSE:JCAP) last issued its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. Jernigan Capital had a return on equity of 5.97% and a net margin of 117.97%. The company had revenue of $3.93 million for the quarter, compared to analysts’ expectations of $4.03 million. analysts predict that Jernigan Capital will post 2.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Monday, April 2nd were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend was Thursday, March 29th. Jernigan Capital’s dividend payout ratio is currently 129.63%.
A number of equities analysts have issued reports on JCAP shares. B. Riley set a $25.00 price target on Jernigan Capital and gave the stock a “buy” rating in a report on Friday, December 29th. Zacks Investment Research cut Jernigan Capital from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. KeyCorp set a $22.00 price target on Jernigan Capital and gave the stock a “buy” rating in a report on Tuesday, March 6th. Finally, TheStreet upgraded Jernigan Capital from a “c” rating to a “b-” rating in a report on Monday, March 26th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $23.50.
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Jernigan Capital Company Profile
Jernigan Capital, Inc is a New York Stock Exchange-listed real estate investment trust (NYSE: JCAP) that provides debt and equity capital to private developers, owners, and operators of self-storage facilities. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.
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