ValuEngine upgraded shares of Jernigan Capital (NYSE:JCAP) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

Several other analysts have also commented on the company. Jefferies Financial Group raised Jernigan Capital from a hold rating to a buy rating and raised their target price for the stock from $20.00 to $23.00 in a report on Thursday, September 27th. Zacks Investment Research lowered Jernigan Capital from a buy rating to a hold rating in a report on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Jernigan Capital currently has a consensus rating of Buy and a consensus price target of $23.60.

Jernigan Capital stock traded down $0.32 during midday trading on Tuesday, hitting $18.95. 220,554 shares of the company were exchanged, compared to its average volume of 158,034. The firm has a market cap of $373.55 million, a price-to-earnings ratio of 17.55 and a beta of 0.56. Jernigan Capital has a fifty-two week low of $15.90 and a fifty-two week high of $21.74.

Jernigan Capital (NYSE:JCAP) last posted its earnings results on Tuesday, July 31st. The real estate investment trust reported $0.59 EPS for the quarter, topping the consensus estimate of $0.48 by $0.11. The firm had revenue of $7.24 million for the quarter, compared to analyst estimates of $6.99 million. Jernigan Capital had a return on equity of 9.18% and a net margin of 120.18%. On average, sell-side analysts anticipate that Jernigan Capital will post 2.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 7.39%. The ex-dividend date is Friday, September 28th. Jernigan Capital’s payout ratio is currently 129.63%.

In other Jernigan Capital news, insider John A. Good acquired 1,595 shares of the company’s stock in a transaction on Friday, August 3rd. The shares were bought at an average cost of $18.53 per share, with a total value of $29,555.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of JCAP. Real Estate Management Services LLC acquired a new stake in Jernigan Capital in the second quarter valued at approximately $10,754,000. Phocas Financial Corp. lifted its position in shares of Jernigan Capital by 2,099.4% in the second quarter. Phocas Financial Corp. now owns 532,898 shares of the real estate investment trust’s stock valued at $10,157,000 after acquiring an additional 508,669 shares in the last quarter. Highland Capital Management LP lifted its position in shares of Jernigan Capital by 65.9% in the second quarter. Highland Capital Management LP now owns 582,513 shares of the real estate investment trust’s stock valued at $11,103,000 after acquiring an additional 231,359 shares in the last quarter. Northpointe Capital LLC purchased a new position in shares of Jernigan Capital in the second quarter valued at approximately $3,476,000. Finally, Millennium Management LLC purchased a new position in shares of Jernigan Capital in the second quarter valued at approximately $3,344,000. 67.06% of the stock is currently owned by institutional investors.

About Jernigan Capital

Jernigan Capital, Inc 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. Our mission is to be the preeminent capital partner for self-storage entrepreneurs nationwide by offering creative solutions through an experienced team demonstrating the highest levels of integrity, dedication, excellence and community, while maximizing shareholder value.

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Analyst Recommendations for Jernigan Capital (NYSE:JCAP)

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