James D. Dondero Sells 23,000 Shares of Jernigan Capital Inc (JCAP) Stock

Jernigan Capital Inc (NYSE:JCAP) Director James D. Dondero sold 23,000 shares of Jernigan Capital stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $19.27, for a total transaction of $443,210.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jernigan Capital Inc (JCAP) opened at $19.01 on Friday. The company has a market cap of $271.31, a price-to-earnings ratio of 12.84 and a beta of 0.85. Jernigan Capital Inc has a 1-year low of $18.55 and a 1-year high of $24.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.36%. The ex-dividend date of this dividend is Friday, December 29th. Jernigan Capital’s dividend payout ratio is presently 95.89%.

Institutional investors have recently added to or reduced their stakes in the business. D.A. Davidson & CO. acquired a new position in Jernigan Capital in the second quarter worth $102,000. Nationwide Fund Advisors acquired a new position in Jernigan Capital in the second quarter worth $119,000. The Manufacturers Life Insurance Company acquired a new position in Jernigan Capital in the second quarter worth $175,000. American International Group Inc. boosted its holdings in Jernigan Capital by 51.2% in the third quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 2,943 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Jernigan Capital by 2,347.8% in the third quarter. JPMorgan Chase & Co. now owns 8,763 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 8,405 shares during the period. 69.59% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on JCAP shares. Zacks Investment Research upgraded shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, October 23rd. BidaskClub upgraded shares of Jernigan Capital from a “hold” rating to a “buy” rating in a research note on Monday, October 23rd. FBR & Co set a $25.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a research report on Friday, October 13th. B. Riley reissued a “buy” rating on shares of Jernigan Capital in a research report on Wednesday, November 1st. Finally, Robert W. Baird reissued a “buy” rating on shares of Jernigan Capital in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.17.

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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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