Jernigan Capital, Inc. (NASDAQ:JCAP) Stock Has Consensus Target Price of $27.50 According to Brokerages

Key Points

• Analysts have 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, above the reported share price of $19.25.
• Jernigan Capital reported quarterly EPS of $0.77, beating 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, equivalent to $0.96 annually and a 5.0% yield; its payout ratio was 39.18%.

Shares of Jernigan Capital, Inc. (NASDAQ:JCAP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $27.50.

JCAP has been the subject of a number of analyst reports. Citizens Jmp upped their price objective on Jernigan Capital from $26.00 to $28.00 and gave the stock a "market outperform" rating in a research note on Friday, August 14th. Truist Financial lifted their target price on Jernigan Capital from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Zacks Research downgraded shares of Jernigan Capital from a "hold" rating to a "strong sell" rating in a report on Thursday, August 27th. Raymond James Financial increased their price target on shares of Jernigan Capital from $21.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded shares of Jernigan Capital from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, September 14th.

Institutional Investors Weigh In On Jernigan Capital

Several institutional investors have recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new position in shares of Jernigan Capital during the second quarter worth $211,000. Squarepoint Ops LLC acquired a new stake in shares of Jernigan Capital in the 2nd quarter worth $229,000. Odyssean LLC purchased a new position in Jernigan Capital during the 2nd quarter worth $513,000. Alyeska Investment Group L.P. grew its stake in Jernigan Capital by 4.6% during the 2nd quarter. Alyeska Investment Group L.P. now owns 258,318 shares of the real estate investment trust's stock worth $5,029,000 after buying an additional 11,246 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Jernigan Capital during the 2nd quarter worth $545,000.

Jernigan Capital Stock Up 0.6%

Shares of NASDAQ:JCAP opened at $19.25 on Friday. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 7.86 and a beta of -0.02. Jernigan Capital has a 52 week low of $15.50 and a 52 week high of $24.44. The firm has a 50 day moving average of $20.95 and a 200 day moving average of $19.54.

Jernigan Capital (NASDAQ:JCAP - Get Free Report) last announced its earnings results on Thursday, August 13th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.14. Jernigan Capital had a return on equity of 35.87% and a net margin of 23.50%.The business had revenue of $177.54 million for the quarter. On average, sell-side analysts expect that Jernigan Capital will post 2.39 EPS for the current year.

Jernigan Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 24th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, August 24th. Jernigan Capital's payout ratio is 39.18%.

Jernigan Capital Company Profile

Jernigan Capital, Inc was a real estate investment company focused on the self-storage industry. The company provided capital to self-storage developers and operators, primarily through structured investments intended to fund the development, redevelopment, acquisition and expansion of storage facilities.

Its investment activities included construction financing and equity-oriented investments in self-storage properties across the United States. Jernigan Capital generally sought to participate in the growth and value creation of these properties while maintaining exposure to the operating performance of the underlying facilities.

The company was founded by Dean Jernigan, a longtime self-storage industry executive, and was headquartered in Memphis, Tennessee.

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