Shares of Jernigan Capital Inc (NYSE:JCAP) reached a new 52-week high during trading on Thursday . The stock traded as high as $22.00 and last traded at $22.00, with a volume of 27524 shares changing hands. The stock had previously closed at $21.32.
Several equities analysts have issued reports on JCAP shares. KeyCorp set a $23.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Wednesday, November 28th. Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. B. Riley set a $26.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Tuesday, October 30th. ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, Jefferies Financial Group upgraded Jernigan Capital from a “hold” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $23.00 in a research report on Thursday, September 27th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average price target of $23.50.
The stock has a market capitalization of $428.23 million, a PE ratio of 20.34 and a beta of 0.49.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.37%. The ex-dividend date is Monday, December 31st. Jernigan Capital’s payout ratio is 129.63%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cannell Capital LLC grew its holdings in shares of Jernigan Capital by 4.3% in the 2nd quarter. Cannell Capital LLC now owns 99,990 shares of the real estate investment trust’s stock worth $1,906,000 after acquiring an additional 4,150 shares during the period. BlackRock Inc. grew its holdings in shares of Jernigan Capital by 7.0% in the 2nd quarter. BlackRock Inc. now owns 1,142,864 shares of the real estate investment trust’s stock worth $21,782,000 after acquiring an additional 74,364 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in shares of Jernigan Capital by 27.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 193,500 shares of the real estate investment trust’s stock worth $3,733,000 after acquiring an additional 41,500 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Jernigan Capital in the 2nd quarter worth approximately $1,336,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Jernigan Capital in the 2nd quarter worth approximately $329,000. Institutional investors own 68.53% of the company’s stock.
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About Jernigan Capital (NYSE:JCAP)
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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