Jernigan Capital Inc (NYSE:JCAP) CEO John A. Good bought 2,100 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were purchased at an average cost of $20.97 per share, with a total value of $44,037.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
NYSE:JCAP traded down $0.25 during midday trading on Monday, reaching $20.84. 110,930 shares of the stock traded hands, compared to its average volume of 132,669. Jernigan Capital Inc has a 12-month low of $17.91 and a 12-month high of $22.20. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $458.08 million, a price-to-earnings ratio of 10.02 and a beta of 0.55.
Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.21. The business had revenue of $9.88 million during the quarter, compared to analysts’ expectations of $9.23 million. Jernigan Capital had a net margin of 170.35% and a return on equity of 20.04%. As a group, analysts expect that Jernigan Capital Inc will post 1.69 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 1st will be issued a $0.35 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.72%. Jernigan Capital’s dividend payout ratio is currently 67.31%.
Separately, Zacks Investment Research cut shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $24.00.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in shares of Jernigan Capital by 3.2% in the first quarter. Rhumbline Advisers now owns 26,235 shares of the real estate investment trust’s stock worth $552,000 after buying an additional 807 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of Jernigan Capital by 164.4% in the first quarter. Advisor Group Inc. now owns 1,454 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 904 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Jernigan Capital by 4.1% in the first quarter. California State Teachers Retirement System now owns 29,320 shares of the real estate investment trust’s stock worth $617,000 after buying an additional 1,160 shares during the last quarter. SEI Investments Co purchased a new position in shares of Jernigan Capital in the first quarter worth $29,000. Finally, Loeb Partners Corp purchased a new position in shares of Jernigan Capital in the fourth quarter worth $40,000. 70.27% of the stock is owned by institutional investors and hedge funds.
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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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