Wall Street analysts forecast that Jernigan Capital (NYSE:JCAP) will announce $0.81 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for Jernigan Capital’s earnings, with estimates ranging from $0.71 to $0.96. Jernigan Capital reported earnings per share of $0.55 during the same quarter last year, which indicates a positive year-over-year growth rate of 47.3%. The business is scheduled to issue its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that Jernigan Capital will report full year earnings of $3.08 per share for the current financial year, with EPS estimates ranging from $2.69 to $3.31. For the next fiscal year, analysts anticipate that the business will post earnings of $3.02 per share, with EPS estimates ranging from $2.53 to $4.01. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Jernigan Capital.
Jernigan Capital (NYSE:JCAP) last posted its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). Jernigan Capital had a net margin of 118.85% and a return on equity of 6.59%. The company had revenue of $5.22 million for the quarter, compared to the consensus estimate of $4.93 million.
Several research analysts recently weighed in on JCAP shares. KeyCorp set a $22.00 price target on Jernigan Capital and gave the company a “buy” rating in a research report on Tuesday, March 6th. B. Riley set a $25.00 price objective on Jernigan Capital and gave the company a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research raised Jernigan Capital from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, February 21st. Finally, TheStreet raised Jernigan Capital from a “c” rating to a “b-” rating in a report on Monday, March 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.50.
Jernigan Capital traded up $0.04, hitting $18.96, during trading on Friday, MarketBeat Ratings reports. 1,445 shares of the company traded hands, compared to its average volume of 115,083. The company has a current ratio of 5.19, a quick ratio of 5.19 and a debt-to-equity ratio of 0.12. The stock has a market cap of $274.73 million, a P/E ratio of 17.52 and a beta of 0.56. Jernigan Capital has a 1 year low of $18.77 and a 1 year high of $18.88.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Monday, July 2nd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Friday, June 29th. Jernigan Capital’s dividend payout ratio is presently 129.63%.
In other news, insider John A. Good purchased 2,110 shares of the stock in a transaction dated Monday, May 7th. The shares were purchased at an average cost of $19.15 per share, with a total value of $40,406.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought 4,335 shares of company stock worth $79,107 over the last ninety days. Corporate insiders own 3.18% of the company’s stock.
Large investors have recently modified their holdings of the company. Summit Asset Management LLC grew its stake in Jernigan Capital by 3.5% during the first quarter. Summit Asset Management LLC now owns 86,578 shares of the real estate investment trust’s stock worth $1,567,000 after buying an additional 2,900 shares during the last quarter. Stifel Financial Corp raised its holdings in Jernigan Capital by 21.3% in the first quarter. Stifel Financial Corp now owns 25,298 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 4,438 shares during the period. US Bancorp DE raised its holdings in Jernigan Capital by 99.9% in the fourth quarter. US Bancorp DE now owns 9,343 shares of the real estate investment trust’s stock worth $178,000 after purchasing an additional 4,669 shares during the period. Teachers Advisors LLC raised its holdings in Jernigan Capital by 25.1% in the fourth quarter. Teachers Advisors LLC now owns 23,613 shares of the real estate investment trust’s stock worth $449,000 after purchasing an additional 4,742 shares during the period. Finally, Northern Trust Corp raised its holdings in Jernigan Capital by 3.3% in the first quarter. Northern Trust Corp now owns 150,312 shares of the real estate investment trust’s stock worth $2,721,000 after purchasing an additional 4,761 shares during the period. 70.56% of the stock is currently owned by hedge funds and other 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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