Jernigan Capital Inc (NASDAQ:JCAP) has received a consensus broker rating score of 1.33 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company.
Brokers have set a 12 month consensus price target of $18.33 for the company and are predicting that the company will post ($0.08) EPS for the current quarter, according to Zacks. Zacks has also given Jernigan Capital an industry rank of 58 out of 265 based on the ratings given to related companies.
Jernigan Capital (NASDAQ:JCAP) opened at 14.95 on Monday. Jernigan Capital has a 12-month low of $14.20 and a 12-month high of $21.99. The firm’s market capitalization is $89.70 million. The company’s 50-day moving average price is $15.60 and its 200-day moving average price is $17.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Friday, January 1st will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 9.36%. The ex-dividend date is Tuesday, December 29th.
Several brokerages recently commented on JCAP. Zacks Investment Research raised Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Sunday, November 22nd. Wunderlich decreased their price target on Jernigan Capital from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, November 10th.
In related news, CEO Dean Jernigan bought 22,000 shares of the business’s stock in a transaction on Thursday, December 24th. The shares were purchased at an average cost of $16.68 per share, with a total value of $366,960.00. Following the acquisition, the chief executive officer now owns 32,351 shares of the company’s stock, valued at $539,614.68. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, COO John A. Good bought 10,750 shares of the business’s stock in a transaction on Thursday, November 12th. The shares were bought at an average cost of $16.24 per share, for a total transaction of $174,580.00. Following the completion of the acquisition, the chief operating officer now directly owns 146,950 shares in the company, valued at approximately $2,386,468. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in Jernigan Capital stock. EJF Capital bought a new stake in Jernigan Capital Inc (NASDAQ:JCAP) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 13,123 shares of the company’s stock, valued at approximately $229,000. EJF Capital owned about 0.22% of Jernigan Capital as of its most recent SEC filing.
Jernigan Capital, Inc. is a commercial real estate finance company that lends to private developers, owners and operators of self-storage facilities. The Company focuses primarily on originating development loans and stabilized asset loans. It originates a portfolio of development, acquisition, and refinance loans secured by self-storage facilities. The Company’s development loans are used to finance ground-up construction of self-storage facilities or major self-storage redevelopment opportunities and these loans are funded over time as the developer completes the project. Its stabilized asset loans are used to finance the acquisition of, refinance existing indebtedness on, or recapitalize stabilized self-storage facilities. Refinanced indebtedness includes bank loans or loans included in commercial mortgage-backed securities, or CMBS, pools. The Company is managed and advised by JCap Advisors, LLC.
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