Jernigan Capital Inc. (NYSE:JCAP) has earned a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and two have assigned a strong buy rating to the company.
Analysts have set a 12 month consensus target price of $20.83 for the company and are forecasting that the company will post $0.46 EPS for the current quarter, according to Zacks. Zacks has also given Jernigan Capital an industry rank of 35 out of 265 based on the ratings given to related companies.
Several analysts recently issued reports on JCAP shares. Zacks Investment Research raised Jernigan Capital from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, July 19th. FBR & Co reissued a “buy” rating on shares of Jernigan Capital in a research note on Monday, August 22nd.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Jernigan Capital by 6.6% in the second quarter. Vanguard Group Inc. now owns 253,877 shares of the company’s stock worth $3,539,000 after buying an additional 15,708 shares during the last quarter. BlackRock Fund Advisors increased its stake in Jernigan Capital by 31.0% in the second quarter. BlackRock Fund Advisors now owns 19,428 shares of the company’s stock worth $271,000 after buying an additional 4,601 shares during the last quarter. Raymond James & Associates increased its stake in Jernigan Capital by 38.1% in the second quarter. Raymond James & Associates now owns 82,556 shares of the company’s stock worth $1,151,000 after buying an additional 22,761 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Jernigan Capital by 58.6% in the second quarter. Parametric Portfolio Associates LLC now owns 35,368 shares of the company’s stock worth $493,000 after buying an additional 13,073 shares during the last quarter. Finally, Centerbridge Partners L.P. increased its stake in Jernigan Capital by 14.2% in the second quarter. Centerbridge Partners L.P. now owns 57,100 shares of the company’s stock worth $795,000 after buying an additional 7,100 shares during the last quarter. 37.13% of the stock is currently owned by institutional investors.
Shares of Jernigan Capital (NYSE:JCAP) opened at 18.49 on Tuesday. Jernigan Capital has a 1-year low of $10.10 and a 1-year high of $19.62. The stock’s 50 day moving average price is $18.35 and its 200-day moving average price is $15.41. The stock has a market cap of $107.69 million, a price-to-earnings ratio of 27.64 and a beta of 0.85.
Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.99 EPS for the quarter. Jernigan Capital had a return on equity of 6.11% and a net margin of 100.80%. On average, equities research analysts forecast that Jernigan Capital will post ($0.47) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Saturday, October 1st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 7.57%. The ex-dividend date was Wednesday, September 28th. Jernigan Capital’s dividend payout ratio (DPR) is presently 205.89%.
Jernigan Capital Company Profile
Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.