Zacks Research upgraded shares of Jernigan Capital (NASDAQ:JCAP – Free Report) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.
Separately, Weiss Ratings lowered Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $25.20.
Jernigan Capital Trading Up 2.0%
Jernigan Capital (NASDAQ:JCAP – Get Free Report) last posted its earnings results on Thursday, March 12th. The real estate investment trust reported $0.69 EPS for the quarter. Jernigan Capital had a net margin of 25.42% and a return on equity of 38.63%. The firm had revenue of $154.80 million for the quarter. On average, sell-side analysts forecast that Jernigan Capital will post 2.53 earnings per share for the current fiscal year.
Jernigan Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.0%. Jernigan Capital’s dividend payout ratio is currently 37.07%.
Institutional Investors Weigh In On Jernigan Capital
A number of institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund bought a new position in Jernigan Capital during the fourth quarter valued at about $34,000. Quarry LP bought a new stake in shares of Jernigan Capital in the 3rd quarter worth approximately $38,000. BNP Paribas Financial Markets bought a new stake in shares of Jernigan Capital in the 3rd quarter worth approximately $60,000. Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Jernigan Capital by 133.1% during the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 1,921 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of 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 purchasing an additional 2,044 shares in the last quarter.
About Jernigan Capital
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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