Equities research analysts expect that Jernigan Capital Inc (NYSE:JCAP) will post earnings per share of $0.95 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Jernigan Capital’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $1.05. Jernigan Capital reported earnings of $0.23 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 313%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 27th.
On average, analysts expect that Jernigan Capital will report full year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $2.67 to $2.92. For the next year, analysts anticipate that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $1.94 to $2.55. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Jernigan Capital.
A number of research analysts have issued reports on JCAP shares. ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Raymond James lifted their price target on Jernigan Capital from $22.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, December 11th. Zacks Investment Research lowered Jernigan Capital from a “hold” rating to a “sell” rating in a research note on Friday, December 14th. B. Riley set a $26.00 price target on Jernigan Capital and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, KeyCorp set a $23.00 price target on Jernigan Capital and gave the company a “buy” rating in a research note on Wednesday, November 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Jernigan Capital has an average rating of “Buy” and an average target price of $23.60.
Shares of JCAP traded up $0.23 during mid-day trading on Tuesday, hitting $21.55. 2,273 shares of the company’s stock were exchanged, compared to its average volume of 117,334. The stock has a market capitalization of $415.88 million, a P/E ratio of 19.96 and a beta of 0.52. Jernigan Capital has a 52 week low of $15.90 and a 52 week high of $22.05.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd were paid a $0.35 dividend. The ex-dividend date of this dividend was Monday, December 31st. This represents a $1.40 dividend on an annualized basis and a yield of 6.50%. Jernigan Capital’s dividend payout ratio is currently 129.63%.
In other news, Director James D. Dondero sold 19,081 shares of the stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $21.17, for a total transaction of $403,944.77. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State of New Jersey Common Pension Fund D lifted its stake in shares of Jernigan Capital by 5.2% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 203,500 shares of the real estate investment trust’s stock valued at $4,033,000 after purchasing an additional 10,000 shares during the period. Manning & Napier Group LLC lifted its stake in shares of Jernigan Capital by 26.1% in the 4th quarter. Manning & Napier Group LLC now owns 230,110 shares of the real estate investment trust’s stock valued at $4,559,000 after purchasing an additional 47,590 shares during the period. Peregrine Capital Management LLC lifted its stake in shares of Jernigan Capital by 308.7% in the 4th quarter. Peregrine Capital Management LLC now owns 408,856 shares of the real estate investment trust’s stock valued at $8,104,000 after purchasing an additional 308,822 shares during the period. Nisa Investment Advisors LLC purchased a new position in shares of Jernigan Capital in the 4th quarter valued at approximately $224,000. Finally, Navellier & Associates Inc purchased a new position in shares of Jernigan Capital in the 4th quarter valued at approximately $586,000. Institutional investors and hedge funds own 70.33% of the company’s stock.
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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