Jernigan Capital Inc (NYSE:JCAP) announced a quarterly dividend on Thursday, March 9th. Shareholders of record on Monday, April 3rd will be paid a dividend of 0.35 per share by the real estate investment trust on Friday, April 14th. This represents a $1.40 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date is Thursday, March 30th.
Shares of Jernigan Capital (NYSE:JCAP) traded up 0.12% during midday trading on Friday, reaching $24.43. 76,250 shares of the company’s stock were exchanged. Jernigan Capital has a 12-month low of $10.10 and a 12-month high of $24.71. The stock’s 50 day moving average price is $22.73 and its 200 day moving average price is $20.61. The company has a market cap of $215.86 million, a price-to-earnings ratio of 10.10 and a beta of 0.91.
Jernigan Capital (NYSE:JCAP) last released its earnings results on Wednesday, March 1st. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The company had revenue of $2.16 million for the quarter, compared to the consensus estimate of $1.94 million. Jernigan Capital had a net margin of 198.76% and a return on equity of 12.36%. Equities analysts anticipate that Jernigan Capital will post $1.91 earnings per share for the current fiscal year.
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Several analysts have weighed in on JCAP shares. FBR & Co reissued a “buy” rating on shares of Jernigan Capital in a research report on Saturday, January 21st. Zacks Investment Research raised shares of Jernigan Capital from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Tuesday, February 28th.
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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