Jernigan Capital Inc (NYSE:JCAP) Director James D. Dondero purchased 100,000 shares of Jernigan Capital stock in a transaction on Tuesday, June 12th. The stock was bought at an average price of $18.50 per share, with a total value of $1,850,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE JCAP opened at $18.68 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.19 and a quick ratio of 5.19. The firm has a market capitalization of $352.19 million, a price-to-earnings ratio of 13.98 and a beta of 0.56. Jernigan Capital Inc has a 12 month low of $15.90 and a 12 month high of $23.34.
Jernigan Capital (NYSE:JCAP) last announced its quarterly earnings data on Wednesday, May 2nd. The real estate investment trust reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.01). The firm had revenue of $5.22 million for the quarter, compared to analysts’ expectations of $4.93 million. Jernigan Capital had a net margin of 118.85% and a return on equity of 6.59%. equities research analysts expect that Jernigan Capital Inc will post 2.83 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Stockholders of record on Monday, July 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend is Friday, June 29th. Jernigan Capital’s payout ratio is currently 129.63%.
JCAP has been the subject of a number of research reports. B. Riley set a $25.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Thursday, March 1st. KeyCorp set a $22.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Tuesday, March 6th. Zacks Investment Research cut shares of Jernigan Capital from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet upgraded shares of Jernigan Capital from a “c” rating to a “b-” rating in a report on Monday, March 26th. Finally, ValuEngine cut shares of Jernigan Capital from a “hold” rating to a “sell” rating in a report on Tuesday, May 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.83.
Several institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its holdings in shares of 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 valued at $178,000 after purchasing an additional 4,669 shares in the last quarter. Virtu Financial LLC purchased a new position in Jernigan Capital during the fourth quarter worth $201,000. Barclays PLC boosted its stake in shares of Jernigan Capital by 108.8% during the first quarter. Barclays PLC now owns 14,547 shares of the real estate investment trust’s stock valued at $263,000 after purchasing an additional 7,581 shares during the period. Tower Research Capital LLC TRC purchased a new stake in shares of Jernigan Capital during the fourth quarter valued at $264,000. Finally, Teachers Advisors LLC boosted its stake in shares of Jernigan Capital by 25.1% during the fourth quarter. Teachers Advisors LLC now owns 23,613 shares of the real estate investment trust’s stock valued at $449,000 after purchasing an additional 4,742 shares during the period. Hedge funds and other institutional investors own 69.81% 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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