North Reef Capital Management LP raised its position in Jernigan Capital, Inc. (NASDAQ:JCAP – Free Report) by 122.2% in the first quarter, Holdings Channel reports. The fund owned 532,151 shares of the real estate investment trust’s stock after buying an additional 292,678 shares during the period. North Reef Capital Management LP’s holdings in Jernigan Capital were worth $10,233,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new stake in shares of Jernigan Capital in the 4th quarter valued at approximately $34,000. Quarry LP acquired a new stake in shares of Jernigan Capital in the 3rd quarter valued at $38,000. Police & Firemen s Retirement System of New Jersey lifted its position 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 during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Jernigan Capital during the third quarter worth $60,000. Finally, Assetmark Inc. grew its stake in shares of Jernigan Capital by 100.8% during the first 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.
Wall Street Analysts Forecast Growth
Several research firms recently commented on JCAP. Weiss Ratings lowered Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, June 3rd. Zacks Research raised Jernigan Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Jernigan Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.
Jernigan Capital Price Performance
Shares of JCAP opened at $19.82 on Friday. Jernigan Capital, Inc. has a 1-year low of $15.50 and a 1-year high of $23.80. The stock has a market cap of $1.22 billion and a PE ratio of 7.65. The firm has a fifty day moving average price of $17.80 and a 200 day moving average price of $19.76.
Jernigan Capital (NASDAQ:JCAP – Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The real estate investment trust reported $0.69 earnings per share (EPS) 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%. As a group, equities analysts expect that Jernigan Capital, Inc. will post 2.53 EPS for the current fiscal year.
Jernigan Capital Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Stockholders of record on Tuesday, May 26th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, May 26th. Jernigan Capital’s payout ratio is presently 37.07%.
Jernigan Capital Company 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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