Jernigan Capital (JCAP) Earning Somewhat Favorable Media Coverage, Analysis Finds

Media coverage about Jernigan Capital (NYSE:JCAP) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Jernigan Capital earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.814938315515 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s rankings:

Several research analysts have commented on JCAP shares. Zacks Investment Research cut shares of Jernigan Capital from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 6th. BidaskClub cut shares of Jernigan Capital from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. ValuEngine cut shares of Jernigan Capital from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. TheStreet cut shares of Jernigan Capital from a “b” rating to a “c” rating in a research report on Monday, August 21st. Finally, FBR & Co set a $25.00 target price on shares of Jernigan Capital and gave the stock a “buy” rating in a research report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $24.20.

Jernigan Capital (NYSE:JCAP) opened at 20.78 on Tuesday. Jernigan Capital has a 12-month low of $17.01 and a 12-month high of $24.89. The company has a market capitalization of $291.65 million, a PE ratio of 11.14 and a beta of 0.88. The stock has a 50 day moving average of $20.61 and a 200 day moving average of $21.48.

Jernigan Capital (NYSE:JCAP) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.12. Jernigan Capital had a net margin of 185.96% and a return on equity of 9.37%. The company had revenue of $3.10 million during the quarter, compared to the consensus estimate of $2.53 million. During the same period in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was down 3.7% on a year-over-year basis. On average, equities research analysts predict that Jernigan Capital will post $1.61 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Monday, October 2nd were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.74%. The ex-dividend date of this dividend was Friday, September 29th. Jernigan Capital’s dividend payout ratio is presently 69.65%.

In related news, insider John A. Good bought 5,000 shares of the company’s stock in a transaction on Monday, August 7th. The stock was bought at an average cost of $21.65 per share, with a total value of $108,250.00. Following the completion of the purchase, the insider now owns 217,308 shares in the company, valued at approximately $4,704,718.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Howard A. Silver bought 2,481 shares of the company’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $20.15 per share, with a total value of $49,992.15. Following the completion of the purchase, the director now owns 15,704 shares of the company’s stock, valued at approximately $316,435.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 10,600 shares of company stock valued at $222,416. Insiders own 3.18% of the company’s stock.

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About Jernigan Capital

Jernigan Capital, Inc is a commercial real estate finance company. The Company provides capital to private developers, owners and operators of self-storage facilities. It intends to generate long-term returns on development property investments through a fixed rate of interest on its invested capital together with an interest in the positive cash flows of the self-storage development from operations, sales and/or refinancings.

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