Maltese Capital Management LLC cut its holdings in shares of Jernigan Capital, Inc. (NASDAQ:JCAP – Free Report) by 35.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 231,630 shares of the real estate investment trust’s stock after selling 124,536 shares during the period. Maltese Capital Management LLC owned 1.00% of Jernigan Capital worth $5,175,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. New York State Common Retirement Fund bought a new position in shares of Jernigan Capital during the fourth quarter valued at approximately $34,000. Quarry LP bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $38,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of Jernigan Capital by 133.1% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 1,921 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $60,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Jernigan Capital during the third quarter valued at approximately $81,000.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on JCAP shares. Weiss Ratings downgraded shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Zacks Research downgraded shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.20.
Jernigan Capital Stock Down 0.2%
Shares of JCAP opened at $16.32 on Tuesday. The company has a market cap of $904.45 million and a price-to-earnings ratio of 6.30. Jernigan Capital, Inc. has a twelve month low of $15.50 and a twelve month high of $23.80. The company has a 50 day moving average of $18.65 and a two-hundred day moving average of $20.40.
Jernigan Capital (NASDAQ:JCAP – Get Free Report) last announced its earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share for the quarter. The company had revenue of $154.80 million during the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. On average, sell-side analysts expect that Jernigan Capital, Inc. will post 2.53 EPS for the current year.
Jernigan Capital Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Tuesday, May 26th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 5.9%. The ex-dividend date was Tuesday, May 26th. Jernigan Capital’s dividend payout ratio (DPR) is 37.07%.
Jernigan Capital 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.
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