Geode Capital Management LLC grew its holdings in Jernigan Capital Inc (NYSE:JCAP) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 178,914 shares of the real estate investment trust’s stock after purchasing an additional 21,356 shares during the period. Geode Capital Management LLC’s holdings in Jernigan Capital were worth $3,546,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Loeb Partners Corp acquired a new position in shares of Jernigan Capital in the 4th quarter valued at $40,000. Nisa Investment Advisors LLC acquired a new position in shares of Jernigan Capital in the 4th quarter valued at $224,000. GSA Capital Partners LLP acquired a new position in shares of Jernigan Capital in the 4th quarter valued at $249,000. MetLife Investment Advisors LLC lifted its stake in shares of Jernigan Capital by 182.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 13,798 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 8,918 shares during the last quarter. Finally, Cavalier Investments LLC acquired a new position in shares of Jernigan Capital in the 4th quarter valued at $396,000. 72.38% of the stock is currently owned by institutional investors and hedge funds.
JCAP opened at $21.00 on Friday. Jernigan Capital Inc has a 12-month low of $17.91 and a 12-month high of $22.05. The stock has a market cap of $427.02 million, a P/E ratio of 10.10 and a beta of 0.57.
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, April 1st were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend was Friday, March 29th. Jernigan Capital’s payout ratio is 67.31%.
Separately, Zacks Investment Research lowered Jernigan Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $24.00.
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Jernigan Capital Profile
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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