Zacks: Brokerages Expect Jernigan Capital Inc (JCAP) Will Post Earnings of $1.00 Per Share

Wall Street analysts expect Jernigan Capital Inc (NYSE:JCAP) to report earnings of $1.00 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Jernigan Capital’s earnings, with the highest EPS estimate coming in at $1.05 and the lowest estimate coming in at $0.91. Jernigan Capital posted earnings of $0.23 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 334.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 27th.

According to Zacks, analysts expect that Jernigan Capital will report full-year earnings of $2.80 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.85. For the next year, analysts anticipate that the company will post earnings of $2.68 per share, with EPS estimates ranging from $2.31 to $3.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Jernigan Capital.

Several brokerages have issued reports on JCAP. Zacks Investment Research cut Jernigan Capital from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Jefferies Financial Group upgraded Jernigan Capital from a “hold” rating to a “buy” rating and upped their price objective for the company from $20.00 to $23.00 in a research note on Thursday, September 27th. KeyCorp set a $23.00 price objective on Jernigan Capital and gave the company a “buy” rating in a research note on Wednesday, November 28th. Finally, B. Riley set a $26.00 price objective on Jernigan Capital and gave the company a “buy” rating in a research note on Tuesday, October 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Jernigan Capital currently has a consensus rating of “Buy” and an average price target of $23.50.

Shares of NYSE JCAP opened at $21.99 on Friday. Jernigan Capital has a 52-week low of $15.90 and a 52-week high of $22.01. The company has a market cap of $415.18 million, a price-to-earnings ratio of 20.36 and a beta of 0.49.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Monday, December 31st. Jernigan Capital’s payout ratio is currently 129.63%.

Several institutional investors have recently made changes to their positions in the company. American International Group Inc. raised its position in shares of Jernigan Capital by 35.4% during the 3rd quarter. American International Group Inc. now owns 11,927 shares of the real estate investment trust’s stock worth $230,000 after purchasing an additional 3,116 shares during the period. Rhumbline Advisers raised its position in shares of Jernigan Capital by 25.4% during the 3rd quarter. Rhumbline Advisers now owns 16,417 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 3,329 shares during the period. TIAA CREF Investment Management LLC raised its position in shares of Jernigan Capital by 12.2% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 30,886 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 3,349 shares during the period. Northern Trust Corp raised its position in shares of Jernigan Capital by 2.6% during the 2nd quarter. Northern Trust Corp now owns 154,186 shares of the real estate investment trust’s stock worth $2,939,000 after purchasing an additional 3,874 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Jernigan Capital by 16.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 28,237 shares of the real estate investment trust’s stock worth $539,000 after purchasing an additional 3,937 shares during the period. Institutional investors and hedge funds own 68.53% of the company’s stock.

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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Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

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