Jernigan Capital Inc (JCAP) Sees Significant Decrease in Short Interest

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Jernigan Capital Inc (NYSE:JCAP) saw a significant drop in short interest in December. As of December 31st, there was short interest totalling 802,966 shares, a drop of 40.0% from the December 14th total of 1,337,667 shares. Currently, 4.1% of the company’s stock are short sold. Based on an average daily trading volume, of 266,625 shares, the short-interest ratio is presently 3.0 days.

JCAP stock opened at $20.95 on Friday. Jernigan Capital has a twelve month low of $15.90 and a twelve month high of $22.05. The stock has a market cap of $401.74 million, a P/E ratio of 19.40 and a beta of 0.52.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend was Monday, December 31st. Jernigan Capital’s dividend payout ratio (DPR) is presently 129.63%.

Several equities research analysts have recently issued reports on JCAP shares. Jefferies Financial Group raised Jernigan Capital from a “hold” rating to a “buy” rating and raised their price target for the company from $20.00 to $23.00 in a research report on Thursday, September 27th. KeyCorp set a $23.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Wednesday, November 28th. B. Riley set a $26.00 target price on Jernigan Capital and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Zacks Investment Research raised Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, November 28th. Finally, ValuEngine raised Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.60.

In other Jernigan Capital news, Director James D. Dondero sold 19,081 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $21.17, for a total transaction of $403,944.77. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in JCAP. State of New Jersey Common Pension Fund D boosted its holdings in Jernigan Capital by 27.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 193,500 shares of the real estate investment trust’s stock valued at $3,733,000 after purchasing an additional 41,500 shares in the last quarter. BlackRock Inc. raised its stake in shares of Jernigan Capital by 7.0% in the second quarter. BlackRock Inc. now owns 1,142,864 shares of the real estate investment trust’s stock valued at $21,782,000 after acquiring an additional 74,364 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Jernigan Capital in the second quarter valued at approximately $1,336,000. Northern Trust Corp raised its stake in shares of Jernigan Capital by 2.6% in the second quarter. Northern Trust Corp now owns 154,186 shares of the real estate investment trust’s stock valued at $2,939,000 after acquiring an additional 3,874 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Jernigan Capital by 25.4% in the 3rd quarter. Rhumbline Advisers now owns 16,417 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 3,329 shares during the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.

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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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