Jernigan Capital Inc (NYSE:JCAP) announced a quarterly dividend on Monday, November 6th, Wall Street Journal reports. Shareholders of record on Tuesday, January 2nd will be given a dividend of 0.35 per share by the real estate investment trust on Friday, January 12th. This represents a $1.40 annualized dividend and a yield of 7.26%. The ex-dividend date of this dividend is Friday, December 29th.

Jernigan Capital has a payout ratio of 132.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Jernigan Capital to earn $2.74 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 51.1%.

Shares of Jernigan Capital (NYSE:JCAP) opened at $19.29 on Friday. Jernigan Capital has a 12 month low of $18.55 and a 12 month high of $24.89. The firm has a market capitalization of $274.66 and a price-to-earnings ratio of 13.40.

In related news, Director James D. Dondero sold 48,900 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.21, for a total value of $988,269.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.18% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Jernigan Capital stock. The Manufacturers Life Insurance Company purchased a new position in shares of Jernigan Capital Inc (NYSE:JCAP) in the second quarter, according to its most recent filing with the SEC. The firm purchased 7,942 shares of the real estate investment trust’s stock, valued at approximately $175,000. The Manufacturers Life Insurance Company owned 0.06% of Jernigan Capital at the end of the most recent quarter. 69.59% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on JCAP. B. Riley reiterated a “buy” rating on shares of Jernigan Capital in a research note on Wednesday, November 1st. Jefferies Group reiterated a “hold” rating and issued a $22.00 price target (down from $23.00) on shares of Jernigan Capital in a research note on Tuesday, September 26th. BidaskClub upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Saturday, September 30th. FBR & Co reiterated a “buy” rating and issued a $25.00 price target on shares of Jernigan Capital in a research note on Thursday, September 14th. Finally, ValuEngine cut Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Jernigan Capital currently has a consensus rating of “Buy” and a consensus price target of $24.17.

ILLEGAL ACTIVITY NOTICE: “Jernigan Capital Inc (JCAP) To Go Ex-Dividend on December 29th” was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://theolympiareport.com/2017/12/24/jernigan-capital-inc-jcap-to-go-ex-dividend-on-december-29th.html.

Jernigan Capital Company Profile

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.

Dividend History for Jernigan Capital (NYSE:JCAP)

Receive News & Ratings for Jernigan Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jernigan Capital and related companies with MarketBeat.com's FREE daily email newsletter.