Jernigan Capital, Inc. (NASDAQ:JCAP) Stock Now Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analyst sentiment is moderately bullish: Seven analysts give Jernigan Capital a consensus “Moderate Buy” rating, with four buys, two holds, and one strong buy. The average 12-month price target is $27.50 versus the reported share price of $20.04.
• Quarterly results exceeded expectations: Jernigan Capital reported earnings of $0.77 per share, beating the $0.63 consensus estimate, on revenue of $177.54 million.
• The company pays an annualized dividend of $0.96 per share: This represents a 4.8% yield and a 39.18% payout ratio, while recent filings showed several hedge funds increasing or initiating positions in the stock.

Jernigan Capital, Inc. (NASDAQ:JCAP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $27.50.

JCAP has been the subject of a number of research reports. Zacks Research upgraded shares of Jernigan Capital from a "strong sell" rating to a "hold" rating in a report on Friday, October 23rd. Truist Financial raised their price target 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. Raymond James Financial boosted their price target on shares of Jernigan Capital from $21.00 to $24.00 and gave the stock an "outperform" rating in a research note on Friday, August 14th. Citizens Jmp increased their price objective on Jernigan Capital from $26.00 to $28.00 and gave the company a "market outperform" rating in a research note on Friday, August 14th. Finally, Weiss Ratings lowered Jernigan Capital from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, October 16th.

Hedge Funds Weigh In On Jernigan Capital

Several hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue purchased a new stake in shares of Jernigan Capital during the 3rd quarter worth approximately $41,000. Assetmark Inc. raised its stake in Jernigan Capital by 100.8% during the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust's stock worth $78,000 after acquiring an additional 2,044 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in Jernigan Capital by 135.7% in the third quarter. Nisa Investment Advisors LLC now owns 5,401 shares of the real estate investment trust's stock valued at $103,000 after acquiring an additional 3,110 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Jernigan Capital in the second quarter valued at $211,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Jernigan Capital during the second quarter worth about $229,000.

Jernigan Capital Stock Performance

Shares of Jernigan Capital stock opened at $20.04 on Wednesday. The business's 50 day moving average price is $20.67 and its 200 day moving average price is $20.07. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 8.18 and a beta of -0.02. Jernigan Capital has a one year low of $15.50 and a one year high of $24.44.

Jernigan Capital (NASDAQ:JCAP - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $177.54 million for the quarter. On average, analysts predict that Jernigan Capital will post 2.39 EPS for the current fiscal year.

Jernigan Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 24th were issued a $0.24 dividend. The ex-dividend date was Monday, August 24th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.8%. Jernigan Capital's dividend payout ratio is presently 39.18%.

Jernigan Capital Company Profile

Jernigan Capital, Inc was a real estate finance company focused on the self-storage industry. The company provided capital to developers and owners of self-storage properties, primarily through structured investments designed to support the development, acquisition, and expansion of storage facilities.

Its investment activities concentrated on self-storage projects in major and high-growth markets across the United States. Jernigan Capital generally sought to participate in the value created through the development and operation of these properties rather than operating a broad portfolio of unrelated real estate assets.

The company was associated with self-storage executive Dean Jernigan, who served as its chief executive officer.

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