Jernigan Capital Inc (NYSE:JCAP) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,280,000 shares, an increase of 64.4% from the August 30th total of 778,500 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 186,700 shares, the short-interest ratio is presently 6.9 days.
A number of research analysts have issued reports on JCAP shares. Raymond James cut shares of Jernigan Capital from an “outperform” rating to a “market perform” rating in a report on Monday, August 5th. B. Riley set a $26.00 target price on shares of Jernigan Capital and gave the company a “buy” rating in a report on Wednesday, September 18th. Finally, ValuEngine raised shares of Jernigan Capital from a “sell” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.25.
Institutional investors and hedge funds have recently modified their holdings of the company. Citadel Advisors LLC boosted its position in Jernigan Capital by 36.0% during the second quarter. Citadel Advisors LLC now owns 53,384 shares of the real estate investment trust’s stock worth $1,094,000 after acquiring an additional 14,128 shares during the last quarter. Prudential Financial Inc. boosted its position in Jernigan Capital by 146.1% during the second quarter. Prudential Financial Inc. now owns 78,957 shares of the real estate investment trust’s stock worth $1,619,000 after acquiring an additional 46,870 shares during the last quarter. Aperio Group LLC boosted its position in Jernigan Capital by 39.8% during the second quarter. Aperio Group LLC now owns 28,675 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 8,169 shares during the last quarter. Chicago Equity Partners LLC boosted its position in Jernigan Capital by 28.8% during the second quarter. Chicago Equity Partners LLC now owns 108,085 shares of the real estate investment trust’s stock worth $2,216,000 after acquiring an additional 24,150 shares during the last quarter. Finally, Strs Ohio boosted its position in Jernigan Capital by 16.7% during the second quarter. Strs Ohio now owns 5,600 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 800 shares during the last quarter. 69.78% of the stock is owned by institutional investors and hedge funds.
Jernigan Capital stock traded up $0.05 during mid-day trading on Friday, reaching $18.70. The company had a trading volume of 186,840 shares, compared to its average volume of 194,516. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.23 and a quick ratio of 0.23. The stock’s 50-day simple moving average is $19.40 and its 200-day simple moving average is $20.38. Jernigan Capital has a 1 year low of $18.58 and a 1 year high of $22.20. The company has a market capitalization of $417.16 million, a P/E ratio of 8.99 and a beta of 0.47.
Jernigan Capital (NYSE:JCAP) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.25. Jernigan Capital had a net margin of 165.18% and a return on equity of 20.21%. The business had revenue of $10.83 million during the quarter, compared to analysts’ expectations of $10.38 million. On average, equities analysts forecast that Jernigan Capital will post 1.86 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.49%. Jernigan Capital’s dividend payout ratio (DPR) is 67.31%.
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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