Jernigan Capital, Inc. (NASDAQ:JCAP – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $19.97 and traded as low as $19.54. Jernigan Capital shares last traded at $19.83, with a volume of 299,319 shares.
Wall Street Analyst Weigh In
Several brokerages have recently commented on JCAP. Weiss Ratings lowered Jernigan Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 16th. Raymond James Financial boosted their price target on shares of Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a research note on Friday, October 23rd. Truist Financial raised their price objective on shares of Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Finally, Citizens Jmp lifted their price target on shares of Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.50.
Read Our Latest Report on Jernigan Capital
Jernigan Capital Stock Performance
The firm’s 50-day moving average is $20.32 and its 200 day moving average is $19.97. The stock has a market cap of $1.14 billion, a PE ratio of 8.09 and a beta of -0.05.
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 for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The business had revenue of $177.54 million for the quarter. Jernigan Capital had a return on equity of 35.87% and a net margin of 23.50%. On average, sell-side analysts predict that Jernigan Capital, Inc. will post 2.39 EPS for the current fiscal year.
Jernigan Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 24th were paid a $0.24 dividend. The ex-dividend date was Monday, August 24th. This represents a $0.96 annualized dividend and a dividend yield of 4.8%. Jernigan Capital’s payout ratio is currently 39.18%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new position in Jernigan Capital during the third quarter worth about $41,000. State of Wyoming acquired a new position in shares of Jernigan Capital during the 3rd quarter worth about $65,000. 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 buying an additional 2,044 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Jernigan Capital by 135.7% during 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 buying an additional 3,110 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Jernigan Capital in the 2nd quarter worth approximately $211,000.
About Jernigan Capital
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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