US Bancorp DE lowered its stake in Jernigan Capital Inc (NYSE:JCAP) by 30.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,513 shares of the real estate investment trust’s stock after selling 2,830 shares during the period. US Bancorp DE’s holdings in Jernigan Capital were worth $117,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of Jernigan Capital in the fourth quarter valued at approximately $201,000. Tower Research Capital LLC TRC purchased a new stake in shares of Jernigan Capital in the fourth quarter valued at approximately $264,000. Teachers Advisors LLC boosted its stake in shares of Jernigan Capital by 25.1% in the fourth quarter. Teachers Advisors LLC now owns 23,613 shares of the real estate investment trust’s stock valued at $449,000 after buying an additional 4,742 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Jernigan Capital by 24.2% in the fourth quarter. TIAA CREF Investment Management LLC now owns 31,063 shares of the real estate investment trust’s stock valued at $591,000 after buying an additional 6,059 shares in the last quarter. Finally, Capital Analysts LLC boosted its stake in shares of Jernigan Capital by 3,342.3% in the fourth quarter. Capital Analysts LLC now owns 35,525 shares of the real estate investment trust’s stock valued at $3,229,000 after buying an additional 34,493 shares in the last quarter. 70.25% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider John A. Good bought 2,110 shares of the firm’s stock in a transaction on Monday, May 7th. The shares were bought at an average cost of $19.15 per share, for a total transaction of $40,406.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.40% of the stock is currently owned by insiders.
A number of analysts recently weighed in on the company. TheStreet upgraded Jernigan Capital from a “c+” rating to a “b-” rating in a research note on Friday, June 8th. Zacks Investment Research upgraded Jernigan Capital from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Saturday. ValuEngine downgraded Jernigan Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, May 8th. Finally, B. Riley set a $26.00 price target on Jernigan Capital and gave the company a “buy” rating in a research note on Friday, March 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $23.83.
JCAP opened at $19.01 on Wednesday. The company has a current ratio of 5.19, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The firm has a market cap of $295.42 million, a price-to-earnings ratio of 15.02 and a beta of 0.56. Jernigan Capital Inc has a one year low of $15.90 and a one year high of $24.89.
Jernigan Capital (NYSE:JCAP) last posted its earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.01). The firm had revenue of $5.22 million for the quarter, compared to analysts’ expectations of $4.93 million. Jernigan Capital had a return on equity of 6.59% and a net margin of 118.85%. equities analysts anticipate that Jernigan Capital Inc will post 3.01 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Monday, July 2nd will be given a dividend of $0.35 per share. The ex-dividend date is Friday, June 29th. This represents a $1.40 dividend on an annualized basis and a yield of 7.36%. Jernigan Capital’s payout ratio is 129.63%.
About Jernigan Capital
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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