Odyssean LLC Invests $513,000 in Jernigan Capital, Inc. $JCAP

Odyssean LLC acquired a new stake in Jernigan Capital, Inc. (NASDAQ:JCAP) in the 2nd quarter, Holdings Channel reports. The firm acquired 26,371 shares of the real estate investment trust’s stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JCAP. New York State Common Retirement Fund acquired a new stake in Jernigan Capital in the fourth quarter valued at $34,000. Quarry LP purchased a new stake in shares of Jernigan Capital in the 3rd quarter worth about $38,000. BNP Paribas Financial Markets purchased a new stake in shares of Jernigan Capital in the 3rd quarter worth about $60,000. Police & Firemen s Retirement System of New Jersey grew its stake in Jernigan Capital by 133.1% in the 4th quarter. Police & Firemen s Retirement System of New Jersey now owns 3,364 shares of the real estate investment trust’s stock valued at $75,000 after acquiring an additional 1,921 shares during the last quarter. Finally, Assetmark Inc. grew its stake in Jernigan Capital by 100.8% in the 1st quarter. Assetmark Inc. now owns 4,072 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 2,044 shares during the last quarter.

Wall Street Analyst Weigh In

JCAP has been the subject of several recent research reports. Zacks Research upgraded shares of Jernigan Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Truist Financial upped their price target on shares of Jernigan Capital from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 14th. Raymond James Financial increased their price target on shares of Jernigan Capital from $21.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings cut shares of Jernigan Capital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, June 3rd. Finally, Citizens Jmp lifted their price objective on Jernigan Capital from $26.00 to $28.00 and gave the stock a “market outperform” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Jernigan Capital has an average rating of “Moderate Buy” and an average price target of $27.50.

Jernigan Capital Stock Down 2.9%

Shares of NASDAQ:JCAP opened at $21.22 on Thursday. The company has a market capitalization of $1.22 billion, a P/E ratio of 8.66 and a beta of -0.16. Jernigan Capital, Inc. has a 52-week low of $15.50 and a 52-week high of $24.44. The stock’s fifty day simple moving average is $19.99 and its 200-day simple moving average is $19.64.

Jernigan Capital (NASDAQ:JCAP) last posted its quarterly earnings data on Thursday, August 13th. The real estate investment trust reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. The firm had revenue of $177.54 million during the quarter. Jernigan Capital had a return on equity of 35.87% and a net margin of 23.50%. On average, sell-side analysts anticipate that Jernigan Capital, Inc. will post 2.69 earnings per share for the current year.

Jernigan Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 24th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, August 24th. Jernigan Capital’s dividend payout ratio (DPR) is currently 39.18%.

About Jernigan Capital

Jernigan Capital 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 with a view to eventual outright ownership of facilities the Company finances. The Company's mission is to maximize shareholder value by accumulating a multi-billion dollar investment portfolio consisting of the newest, most attractive and best located self-storage facilities in the United States through a talented and experienced team demonstrating the highest levels of integrity, dedication, excellence and community.