Jernigan Capital Inc (JCAP) Receives $24.00 Average Target Price from Brokerages

Shares of Jernigan Capital Inc (NYSE:JCAP) have been given a consensus rating of “Buy” by the seven brokerages that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $24.00.

A number of equities analysts have recently weighed in on the company. KeyCorp set a $23.00 target price on Jernigan Capital and gave the company a “buy” rating in a report on Wednesday, November 28th. Raymond James increased their price objective on Jernigan Capital from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, December 11th. Zacks Investment Research upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, B. Riley set a $26.00 price objective on Jernigan Capital and gave the stock a “buy” rating in a research note on Tuesday, October 30th.

NYSE JCAP traded down $0.06 on Friday, hitting $21.18. 220 shares of the company were exchanged, compared to its average volume of 154,200. The company has a market cap of $403.89 million, a PE ratio of 19.67 and a beta of 0.52. Jernigan Capital has a twelve month low of $15.90 and a twelve month high of $22.05.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, January 2nd will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.61%. The ex-dividend date of this dividend is Monday, December 31st. Jernigan Capital’s dividend payout ratio (DPR) is 129.63%.

In other news, Director James D. Dondero sold 19,081 shares of Jernigan Capital stock in a transaction that occurred on Friday, December 14th. The stock was sold at an average price of $21.17, for a total transaction of $403,944.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Jernigan Capital by 44.7% during the 3rd quarter. BlackRock Inc. now owns 1,654,018 shares of the real estate investment trust’s stock worth $31,906,000 after buying an additional 511,154 shares in the last quarter. Vanguard Group Inc grew its position in shares of Jernigan Capital by 19.1% in the 3rd quarter. Vanguard Group Inc now owns 964,384 shares of the real estate investment trust’s stock valued at $18,603,000 after buying an additional 154,457 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Jernigan Capital by 19.1% during the 3rd quarter. Vanguard Group Inc. now owns 964,384 shares of the real estate investment trust’s stock valued at $18,603,000 after purchasing an additional 154,457 shares in the last quarter. LSV Asset Management boosted its position in shares of Jernigan Capital by 8.6% during the 3rd quarter. LSV Asset Management now owns 814,215 shares of the real estate investment trust’s stock valued at $15,706,000 after purchasing an additional 64,350 shares in the last quarter. Finally, Highland Capital Management LP boosted its holdings in Jernigan Capital by 17.1% in the third quarter. Highland Capital Management LP now owns 682,381 shares of the real estate investment trust’s stock worth $13,163,000 after acquiring an additional 99,868 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

Jernigan Capital Company Profile

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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