Jernigan Capital, Inc. (NASDAQ:JCAP) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Jernigan Capital, with four buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $27.50.
• Jernigan Capital reported quarterly EPS of $0.77, exceeding the $0.63 consensus estimate, on revenue of $177.54 million. Analysts expect full-year EPS of approximately $2.39.
• The company paid a quarterly dividend of $0.24 per share, representing an annualized dividend of $0.96 and a 4.5% yield; several institutional investors also established new positions during the second quarter.

Jernigan Capital, Inc. (NASDAQ:JCAP - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.50.

A number of brokerages have recently issued reports on JCAP. Truist Financial boosted their price objective on shares of Jernigan Capital from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Zacks Research cut Jernigan Capital from a "hold" rating to a "strong sell" rating in a report on Thursday, August 27th. Raymond James Financial boosted their price target on Jernigan Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Weiss Ratings restated a "hold (c)" rating on shares of Jernigan Capital in a research report on Monday, August 31st. Finally, Citizens Jmp increased their price objective on shares of Jernigan Capital from $26.00 to $28.00 and gave the stock a "market outperform" rating in a research note on Friday, August 14th.

Jernigan Capital Price Performance

NASDAQ JCAP opened at $21.35 on Tuesday. The company has a 50-day moving average price of $20.50 and a 200-day moving average price of $19.61. Jernigan Capital has a 52 week low of $15.50 and a 52 week high of $24.44. The firm has a market capitalization of $1.23 billion, a P/E ratio of 8.71 and a beta of -0.14.

Jernigan Capital (NASDAQ:JCAP - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.14. Jernigan Capital had a net margin of 23.50% and a return on equity of 35.87%. The company had revenue of $177.54 million for the quarter. As a group, equities research analysts anticipate that Jernigan Capital will post 2.39 EPS for the current year.

Jernigan Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 24th were given a dividend of $0.24 per share. The ex-dividend date was Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 4.5%. Jernigan Capital's dividend payout ratio (DPR) is currently 39.18%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Jernigan Capital during the 2nd quarter valued at approximately $554,000. Sei Investments Co. purchased a new position in shares of Jernigan Capital in the second quarter worth $381,000. Jane Street Group LLC purchased a new position in shares of Jernigan Capital in the second quarter worth $1,480,000. Nantahala Capital Management LLC bought a new position in shares of Jernigan Capital during the second quarter worth $11,070,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in shares of Jernigan Capital during the second quarter worth $15,277,000.

Jernigan Capital Company Profile

Jernigan Capital 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 with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.