Brokerages predict that Jernigan Capital (NYSE:JCAP) will announce sales of $4.93 million for the current quarter, according to Zacks. Four analysts have made estimates for Jernigan Capital’s earnings. The lowest sales estimate is $4.26 million and the highest is $5.62 million. Jernigan Capital posted sales of $2.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 114.3%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that Jernigan Capital will report full year sales of $29.43 million for the current financial year, with estimates ranging from $28.31 million to $31.36 million. For the next financial year, analysts expect that the company will post sales of $47.75 million per share, with estimates ranging from $42.96 million to $52.56 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Jernigan Capital.
Jernigan Capital (NYSE:JCAP) last announced its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $3.93 million for the quarter, compared to the consensus estimate of $4.03 million. Jernigan Capital had a return on equity of 5.97% and a net margin of 117.97%.
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new stake in Jernigan Capital in the 4th quarter valued at about $264,000. Sterling Capital Management LLC bought a new stake in Jernigan Capital in the 4th quarter valued at about $802,000. Wells Fargo & Company MN increased its position in Jernigan Capital by 2,282,420.0% in the 3rd quarter. Wells Fargo & Company MN now owns 114,126 shares of the real estate investment trust’s stock valued at $2,345,000 after buying an additional 114,121 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in Jernigan Capital by 40.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 569,199 shares of the real estate investment trust’s stock valued at $10,820,000 after buying an additional 164,616 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Jernigan Capital by 53.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 24,300 shares of the real estate investment trust’s stock valued at $500,000 after buying an additional 8,500 shares in the last quarter. 72.10% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:JCAP traded down $0.09 during midday trading on Monday, reaching $18.42. The company’s stock had a trading volume of 154,161 shares, compared to its average volume of 87,245. The company has a market capitalization of $267.12, a price-to-earnings ratio of 17.06 and a beta of 0.56. Jernigan Capital has a fifty-two week low of $15.90 and a fifty-two week high of $24.89.
The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Monday, April 2nd were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend was Thursday, March 29th. Jernigan Capital’s payout ratio is 129.63%.
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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