Jernigan Capital Inc (NYSE:JCAP) Director James D. Dondero sold 48,900 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.21, for a total transaction of $988,269.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Jernigan Capital Inc (NYSE JCAP) traded down $0.21 during mid-day trading on Wednesday, reaching $20.03. 111,585 shares of the company’s stock were exchanged, compared to its average volume of 151,358. The firm has a market capitalization of $291.72, a PE ratio of 13.81 and a beta of 0.85. Jernigan Capital Inc has a 12-month low of $18.55 and a 12-month high of $24.89.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Friday, December 29th. Jernigan Capital’s dividend payout ratio is currently 95.89%.
JCAP has been the subject of several research reports. Zacks Investment Research raised shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Tuesday, November 28th. Jefferies Group reissued a “hold” rating and set a $22.00 price objective (down previously from $23.00) on shares of Jernigan Capital in a research report on Tuesday, September 26th. Robert W. Baird reissued a “buy” rating on shares of Jernigan Capital in a research report on Friday, November 3rd. B. Riley set a $25.00 target price on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Tuesday. Finally, ValuEngine upgraded shares of Jernigan Capital from a “hold” rating to a “buy” rating in a report on Monday, November 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Jernigan Capital currently has an average rating of “Buy” and a consensus price target of $24.17.
Hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in shares of Jernigan Capital by 0.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 42,644 shares of the real estate investment trust’s stock worth $938,000 after buying an additional 249 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Jernigan Capital by 3.5% during the 1st quarter. Bank of New York Mellon Corp now owns 33,448 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 1,138 shares during the last quarter. NFC Investments LLC lifted its stake in shares of Jernigan Capital by 0.7% during the 2nd quarter. NFC Investments LLC now owns 231,604 shares of the real estate investment trust’s stock worth $5,095,000 after buying an additional 1,700 shares during the last quarter. American International Group Inc. lifted its stake in shares of Jernigan Capital by 51.2% during the 3rd quarter. American International Group Inc. now owns 8,687 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 2,943 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of Jernigan Capital during the 2nd quarter worth about $102,000. Hedge funds and other institutional investors own 69.60% of the company’s stock.
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Jernigan Capital Company Profile
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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