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. It generates cash flows from construction loans and operating property loans in the form of a fixed interest rate and origination fees. It originates various loans, such as bridge loans and credit lines. It has development property investments in Orlando, Atlanta, Tampa, Chicago and Miami. Its operating property loans are located in New Orleans, Newark, Nashville, Sacramento and Chicago. The Company conducts its investment activities through Jernigan Capital Operating Company, LLC. The Company is externally managed and advised by JCap Advisors, LLC.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Specialized REITs - NEC
- Sub-Industry: N/A
- Symbol: NYSE:JCAP
- CUSIP: N/A
- Web: www.jernigancapital.com
Capitalization:- Market Cap: $301.14 million
- Outstanding Shares: 14,238,000
Average Prices:- 50 Day Moving Avg: $22.51
- 200 Day Moving Avg: $22.19
- 52 Week Range: $15.02 - $24.89
P/E:- Trailing P/E Ratio: 10.05
- Foreward P/E Ratio: 8.07
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: $6.93 million
- Price / Sales: 45.12
- Book Value: $17.81 per share
- Price / Book: 1.23
Dividend:- Annual Dividend: $1.40
- Dividend Yield: 6.4%
Profitability:- Net Margins: 216.88%
- Return on Equity: 12.63%
- Return on Assets: 10.64%
Debt:- Debt-to-Equity Ratio: 0.12%
- Current Ratio: 41.41%
- Quick Ratio: 41.41%
Misc:- Average Volume: 200,022 shs.
- Beta: 0.87
- Short Ratio: 5.29
Frequently Asked Questions for Jernigan Capital (NYSE:JCAP)
What is Jernigan Capital's stock symbol?
Jernigan Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "JCAP."
How often does Jernigan Capital pay dividends? What is the dividend yield for Jernigan Capital?
Jernigan Capital announced a quarterly dividend on Thursday, May 4th. Investors of record on Monday, July 3rd will be paid a dividend of $0.35 per share on Friday, July 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Thursday, June 29th. View Jernigan Capital's Dividend History.
How were Jernigan Capital's earnings last quarter?
Jernigan Capital, Inc. (NYSE:JCAP) released its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.07 by $0.05. The business had revenue of $2.30 million for the quarter, compared to analyst estimates of $2.26 million. Jernigan Capital had a net margin of 216.88% and a return on equity of 12.63%. View Jernigan Capital's Earnings History.
Where is Jernigan Capital's stock going? Where will Jernigan Capital's stock price be in 2017?
3 equities research analysts have issued twelve-month price objectives for Jernigan Capital's stock. Their forecasts range from $25.00 to $26.00. On average, they expect Jernigan Capital's stock price to reach $25.33 in the next year. View Analyst Ratings for Jernigan Capital.
What are analysts saying about Jernigan Capital stock?
Here are some recent quotes from research analysts about Jernigan Capital stock:
- 1. According to Zacks Investment Research, "Jernigan Capital, Inc. is a commercial real estate finance company which provides financing to private developers, owners and operators of self-storage facilities. The company offers solutions for the ground-up construction of self-storage facilities or self-storage redevelopment opportunities as well as for the acquisition of, refinancing of existing indebtedness on, recapitalization of stabilized self-storage facilities. Jernigan Capital, Inc. is based in MIAMI, United States. " (7/6/2017)
- 2. FBR & Co analysts commented, "During all of the supply-driven drama occurring in the world of self-storage over the past 12 months, Jernigan Capital has been the best-performing storage REIT at +74% total return versus the equity REITs at +6%. Investors new to the JCAP story often ask how that is possible. The answer is simple: JCAP benefits from the new supply that the equity REITs are struggling to digest. We view JCAP as a way to capitalize on the storage development cycle, with the added opportunity to get into what we believe to be the next great self-storage equity REIT that is Dean Jernigan’s third major self-storage venture. As such, we view the current approximately $22 stock price as a very attractive entry point, compared to our $27 per share intrinsic value estimate based on 2017 commitments and $31.25 per share intrinsic value estimate based on 2018 capital commitments." (5/30/2017)
Who are some of Jernigan Capital's key competitors?
Some companies that are related to Jernigan Capital include Ashford Hospitality Trust (AHT), EMC Insurance Group (EMCI), Horizon Bancorp (IN) (HBNC), Anworth Mortgage Asset Corporation (ANH), Fidelity Southern Corporation (LION), Greenhill & Co. (GHL), First Financial Corporation Indiana (THFF), Och-Ziff Capital Management Group LLC (OZM), Pacific Continental Corporation (Ore) (PCBK), National Bank of Greece (NBG), Peoples Bancorp (PEBO), Green Brick Partners (GRBK), UMH Properties (UMH), National Commerce Corporation (NCOM), First Foundation (FFWM), Carolina Financial Corporation (CARO), Access National Corporation (ANCX) and Enova International (ENVA).
Who are Jernigan Capital's key executives?
Jernigan Capital's management team includes the folowing people:
- Dean Jernigan, Chairman of the Board, Chief Executive Officer
- John A Good, President, Chief Operating Officer, Director
- Kelly P. Luttrell, Chief Financial Officer, Senior Vice President, Treasurer
- Howard A. Silver, Independent Director
- Harry J. Thie Ph.D., Independent Director
When did Jernigan Capital IPO?
(JCAP) raised $100 million in an initial public offering (IPO) on Friday, March 27th 2015. The company issued 5,000,000 shares at a price of $19.00-$21.00 per share. Raymond James, Baird and Wunderlich Securities served as the underwriters for the IPO.
Who owns Jernigan Capital stock?
Jernigan Capital's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Ranger Global Real Estate Advisors LLC (3.48%), Orinda Asset Management LLC (0.73%) and James Investment Research Inc. (0.48%). Company insiders that own Jernigan Capital stock include Dean Jernigan, Harry J Thie, James D Dondero, John A Good, Mark O Decker and William C Drummond. View Institutional Ownership Trends for Jernigan Capital.
Who bought Jernigan Capital stock? Who is buying Jernigan Capital stock?
Jernigan Capital's stock was purchased by a variety of institutional investors in the last quarter, including Ranger Global Real Estate Advisors LLC, Orinda Asset Management LLC and James Investment Research Inc.. Company insiders that have bought Jernigan Capital stock in the last two years include Dean Jernigan, Harry J Thie, James D Dondero, John A Good, Mark O Decker and William C Drummond. View Insider Buying and Selling for Jernigan Capital.
How do I buy Jernigan Capital stock?
Shares of Jernigan Capital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Jernigan Capital's stock price today?
One share of Jernigan Capital stock can currently be purchased for approximately $21.96.
MarketBeat Community Rating for Jernigan Capital (NYSE JCAP)MarketBeat's community ratings are surveys of what our community members think about Jernigan Capital and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Jernigan Capital (NYSE:JCAP) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating, 2 Buy Ratings |
| Consensus Rating: | Buy (Score: 2.67) |
| Consensus Price Target: | $25.33 (15.36% upside) |
Analysts' Ratings History for Jernigan Capital (NYSE:JCAP)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/28/2017 | Raymond James Financial, Inc. | Reiterated Rating | Outperform | $25.00 -> $26.00 | Low |  |
| 5/30/2017 | FBR & Co | Reiterated Rating | Buy | $25.00 | Low | |
| 4/24/2017 | Jefferies Group LLC | Initiated Coverage | Hold | $25.00 | High | |
| 4/6/2016 | Wunderlich | Downgrade | Hold -> Sell | | N/A | |
| 3/14/2016 | Robert W. Baird | Reiterated Rating | Outperform | | N/A | |
(Data available from 7/23/2015 forward)
Earnings History for Jernigan Capital (NYSE:JCAP)Earnings History by Quarter for Jernigan Capital (NYSE JCAP)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/3/2017 | Q1 | $0.07 | $0.12 | $2.26 million | $2.30 million | View | Listen | |
| 3/1/2017 | Q416 | $0.51 | $0.53 | $1.94 million | $2.16 million | View | Listen | |
| 8/11/2015 | Q215 | ($0.04) | ($0.20) | $0.61 million | $0.15 million | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Jernigan Capital (NYSE:JCAP)Current Year EPS Consensus Estimate: $1.71 EPS
Next Year EPS Consensus Estimate: $2.72 EPS
Current Dividend Information for Jernigan Capital (NYSE:JCAP)| Most Recent Dividend: | 7/14/2017 |
| Annual Dividend: | $1.40 |
| Dividend Yield: | 6.38% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 58.33% (Trailing 12 Months of Earnings)
81.87% (Based on This Year's Estimates)
51.47% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Jernigan Capital (NYSE JCAP)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/4/2017 | quarterly | $0.35 | 6.43% | 6/29/2017 | 7/3/2017 | 7/14/2017 |
| 3/9/2017 | quarterly | $0.35 | 6.38% | 3/30/2017 | 4/3/2017 | 4/14/2017 |
| 11/4/2016 | quarterly | $0.35 | 7.88% | 12/29/2016 | 1/3/2017 | 1/13/2017 |
| 9/6/2016 | quarterly | $0.35 | 8.55% | 9/28/2016 | 10/1/2016 | 10/14/2016 |
| 5/23/2016 | Quarterly | $0.35 | | 6/29/2016 | 7/1/2016 | 7/15/2016 |
| 3/21/2016 | quarterly | $0.35 | 9.31% | 3/30/2016 | 4/1/2016 | 4/15/2016 |
| 11/11/2015 | quarterly | $0.35 | 9.03% | 12/29/2015 | 1/1/2016 | 1/15/2016 |
| 8/28/2015 | quarterly | $0.35 | 7.6% | 9/29/2015 | 10/1/2015 | 10/15/2015 |
| 6/4/2015 | special | $0.35 | | 6/29/2015 | 7/1/2015 | 7/15/2015 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Jernigan Capital (NYSE:JCAP)Insider Ownership Percentage: 3.18%
Institutional Ownership Percentage: 33.12%
Insider Trades by Quarter for Jernigan Capital (NYSE:JCAP)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 6/27/2017 | James D Dondero | Director | Buy | 100,000 | $22.00 | $2,200,000.00 | |
| 3/6/2017 | Mark O Decker | Director | Buy | 500 | $22.62 | $11,310.00 | |
| 12/13/2016 | Dean Jernigan | Chairman | Buy | 9,737 | $19.00 | $185,003.00 | |
| 12/13/2016 | James D Dondero | Director | Buy | 79,000 | $19.00 | $1,501,000.00 | |
| 12/13/2016 | John A Good | Insider | Buy | 16,578 | $19.00 | $314,982.00 | |
| 12/13/2016 | William C Drummond | CFO | Buy | 2,500 | $19.00 | $47,500.00 | |
| 11/7/2016 | John A Good | Insider | Buy | 1,200 | $17.90 | $21,480.00 | |
| 8/26/2016 | William C Drummond | CFO | Buy | 500 | $16.35 | $8,175.00 | |
| 8/19/2016 | William C Drummond | CFO | Buy | 500 | $16.75 | $8,375.00 | |
| 6/10/2016 | William C Drummond | CFO | Buy | 1,012 | $15.29 | $15,473.48 | |
| 5/27/2016 | Harry J Thie | Director | Buy | 1,250 | $14.40 | $18,000.00 | |
| 3/21/2016 | Harry J Thie | Director | Buy | 200 | $15.00 | $3,000.00 | |
| 3/15/2016 | William C Drummond | CFO | Buy | 500 | $15.15 | $7,575.00 | |
| 3/10/2016 | John A Good | COO | Buy | 2,300 | $15.60 | $35,880.00 | |
| 3/10/2016 | William C Drummond | CFO | Buy | 300 | $15.31 | $4,593.00 | |
| 12/28/2015 | Dean Jernigan | CEO | Buy | 6,874 | $16.34 | $112,321.16 | |
| 12/24/2015 | Dean Jernigan | CEO | Buy | 22,000 | $16.68 | $366,960.00 | |
| 12/22/2015 | Dean Jernigan | CEO | Buy | 11,939 | $16.29 | $194,486.31 | |
| 12/15/2015 | John A Good | COO | Buy | 338 | $15.35 | $5,188.30 | |
| 12/15/2015 | Mark O Decker | Director | Buy | 700 | $15.40 | $10,780.00 | |
| 12/14/2015 | Dean Jernigan | CEO | Buy | 31,901 | $15.24 | $486,171.24 | |
| 12/9/2015 | Dean Jernigan | CEO | Buy | 30,300 | $15.02 | $455,106.00 | |
| 12/9/2015 | John A Good | COO | Buy | 1,062 | $14.96 | $15,887.52 | |
| 12/8/2015 | John A Good | COO | Buy | 500 | $14.98 | $7,490.00 | |
| 12/2/2015 | Dean Jernigan | CEO | Buy | 2,301 | $15.29 | $35,182.29 | |
| 11/20/2015 | Dean Jernigan | CEO | Buy | 25,000 | $16.20 | $405,000.00 | |
| 11/12/2015 | Dean Jernigan | CEO | Buy | 32,250 | $16.23 | $523,417.50 | |
| 11/12/2015 | John A Good | COO | Buy | 10,750 | $16.24 | $174,580.00 | |
| 11/12/2015 | Mark O Decker | Director | Buy | 1,000 | $16.19 | $16,190.00 | |
| 9/15/2015 | John A Good | COO | Buy | 2,500 | $17.53 | $43,825.00 | |
| 8/20/2015 | Dean Jernigan | CEO | Buy | 80,145 | $18.59 | $1,489,895.55 | |
| 8/14/2015 | John A Good | COO | Buy | 8,500 | $17.88 | $151,980.00 | |
| 6/5/2015 | Sam J Jenkins | Director | Buy | 2,000 | $21.15 | $42,300.00 | |
| 5/28/2015 | Howard A Silver | Director | Buy | 2,500 | $20.16 | $50,400.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Jernigan Capital (NYSE:JCAP)
Latest Headlines for Jernigan Capital (NYSE:JCAP)
| Source: |
|
| Date | Headline |
|---|
 | Communications Sales & Leasing,Inc. (UNIT) vs. Jernigan Capital (JCAP) Head-To-Head Analysis
www.americanbankingnews.com - July 21 at 10:16 AM |
| $2.89 Million in Sales Expected for Jernigan Capital, Inc. (JCAP) This Quarter
www.americanbankingnews.com - July 20 at 1:24 PM |
| Jernigan Capital, Inc. (JCAP) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - July 10 at 11:15 AM |
| Jernigan Capital, Inc. (JCAP) Rating Lowered to Strong Sell at Zacks Investment Research
www.americanbankingnews.com - July 9 at 1:40 PM |
| Jernigan Capital, Inc. (NYSE:JCAP) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - July 8 at 6:00 PM |
 | Jernigan Capital Announces Date for Second Quarter 2017 Results and Webcast
finance.yahoo.com - July 7 at 6:37 AM |
| Jernigan Capital, Inc. Closes Approximately $50 Million of New Self-Storage Development Investments
finance.yahoo.com - July 6 at 6:51 AM |
| Memphis company announces $27M deal in Manhattan
finance.yahoo.com - July 6 at 6:51 AM |
| Jernigan Capital, Inc. (JCAP) Given Outperform Rating at Raymond James Financial, Inc.
www.americanbankingnews.com - July 2 at 12:38 PM |
| Head to Head Survey: Drive Shack (DS) & Jernigan Capital (JCAP)
www.americanbankingnews.com - June 29 at 12:42 AM |
| TheStreet Upgrades Jernigan Capital, Inc. (JCAP) to "B"
www.americanbankingnews.com - June 28 at 10:34 PM |
| Insider Buying: Jernigan Capital, Inc. (JCAP) Director Purchases 100,000 Shares of Stock
www.americanbankingnews.com - June 27 at 7:28 PM |
| Jernigan Capital Announces Closing of Public Offering of Common Stock, Including Full Exercise by Underwriters of Overallotment Option
finance.yahoo.com - June 27 at 6:14 PM |
| Jernigan Capital, Inc. (JCAP) Expected to Post Quarterly Sales of $2.77 Million
www.americanbankingnews.com - June 24 at 9:34 AM |
 | Jernigan Capital Inc. (JCAP) Is Heading Lower After Stock Offering
www.rttnews.com - June 23 at 11:26 PM |
| Jernigan Capital, Inc. Announces Pricing of Upsized Public Offering of Common Stock
finance.yahoo.com - June 22 at 12:58 PM |
| Zacks: Analysts Anticipate Jernigan Capital, Inc. (JCAP) Will Post Earnings of $0.28 Per Share
www.americanbankingnews.com - June 22 at 11:04 AM |
| Jernigan Capital, Inc. Closes Baltimore Self-Storage Development Investment
finance.yahoo.com - June 19 at 5:02 PM |
| Jernigan Capital (JCAP) vs. Monmouth Real Estate Investment Corporation (MNR) Head to Head Survey
www.americanbankingnews.com - June 14 at 10:12 AM |
| Jernigan expands in Florida with another multimillion-dollar deal
finance.yahoo.com - June 13 at 5:48 PM |
| Jernigan Capital, Inc. Closes St. Petersburg Self-Storage Development Investment
finance.yahoo.com - June 12 at 6:37 PM |
| $2.77 Million in Sales Expected for Jernigan Capital Inc (JCAP) This Quarter
www.americanbankingnews.com - May 31 at 2:52 PM |
| FBR & Co Reaffirms Buy Rating for Jernigan Capital Inc (JCAP)
www.americanbankingnews.com - May 30 at 1:15 PM |
| Jernigan Capital Inc (JCAP) Given "Buy" Rating at FBR & Co
www.americanbankingnews.com - May 29 at 4:02 PM |
| Memphis company continues 'record-setting' year with $9M commitment
finance.yahoo.com - May 22 at 5:30 PM |
 | ETF Preview: ETFs, Futures Track Oil Higher Ahead of OPEC Meeting This Week
www.nasdaq.com - May 22 at 10:42 AM |
| Batter Up! The Commercial Mortgage REITs
finance.yahoo.com - May 8 at 8:34 AM |
| FBR & Co Reiterates "Buy" Rating for Jernigan Capital Inc (JCAP)
www.americanbankingnews.com - May 7 at 10:02 AM |
| Edited Transcript of JCAP earnings conference call or presentation 4-May-17 3:00pm GMT
finance.yahoo.com - May 4 at 11:14 PM |
| Jernigan Capital Inc (JCAP) Posts Earnings Results
www.americanbankingnews.com - May 4 at 9:48 PM |
| Jernigan Capital Inc (JCAP) Plans $0.35 Quarterly Dividend
www.americanbankingnews.com - May 4 at 8:40 PM |
| Jernigan Capital Announces Dividend for Second Quarter 2017
finance.yahoo.com - May 4 at 12:07 PM |
| Jernigan Capital set to have 'record' year
finance.yahoo.com - May 3 at 10:16 PM |
| ADDING and REPLACING Jernigan Capital Announces Results for First Quarter 2017
finance.yahoo.com - May 3 at 10:16 PM |
 | Jernigan Capital tops 1Q profit forecasts
marketbeat.com - May 3 at 6:51 PM |
| Brokerages Expect Jernigan Capital Inc (JCAP) Will Post Earnings of $0.07 Per Share
www.americanbankingnews.com - May 3 at 6:00 PM |
| Jernigan Capital (JCAP) Earns Daily Media Sentiment Rating of -0.12
www.americanbankingnews.com - April 27 at 5:15 PM |
| Jefferies Group LLC Begins Coverage on Jernigan Capital Inc (JCAP)
www.americanbankingnews.com - April 24 at 9:50 PM |
| Jernigan Capital (JCAP) Receiving Favorable Press Coverage, Study Finds
www.americanbankingnews.com - April 24 at 4:54 PM |
| Jernigan Capital, Inc. Closes $29.5 Million of New Self-Storage Development Investments
finance.yahoo.com - April 21 at 10:33 AM |
| Jernigan Capital (JCAP) Getting Somewhat Favorable Press Coverage, Study Shows
www.americanbankingnews.com - April 20 at 11:51 PM |
| Jernigan Capital, Inc. Announces First Quarter 2017 Results Webcast
finance.yahoo.com - April 19 at 11:18 AM |
| Jernigan Capital (JCAP) Getting Favorable News Coverage, Analysis Finds
www.americanbankingnews.com - April 17 at 3:54 PM |
| Zacks: Analysts Expect Jernigan Capital Inc (JCAP) Will Post Quarterly Sales of $2.34 Million
www.americanbankingnews.com - April 14 at 1:40 PM |
| Jernigan Capital (JCAP) Receiving Somewhat Positive News Coverage, Study Shows
www.americanbankingnews.com - April 13 at 3:14 PM |
| Jernigan Capital Inc (JCAP) Expected to Post Earnings of $0.09 Per Share
www.americanbankingnews.com - April 12 at 2:31 PM |
| Zacks: Jernigan Capital Inc (JCAP) Receives Consensus Rating of "" from Analysts
www.americanbankingnews.com - April 3 at 1:14 PM |
| JERNIGAN CAPITAL, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Regulation FD Disclosure, Finan
biz.yahoo.com - March 30 at 6:24 PM |
| Financial Sector Update for 03/29/2017: JCAP,COWN,MFG - Nasdaq
www.nasdaq.com - March 29 at 6:35 PM |
| Jernigan Capital, Inc. (JCAP) Ex-Dividend Date Scheduled for March 30, 2017 - Nasdaq
www.nasdaq.com - March 29 at 6:35 PM |
Jernigan Capital (JCAP) Chart for Sunday, July, 23, 2017
