Peregrine Capital Management LLC Has $8.57 Million Position in Jernigan Capital Inc (JCAP)

Peregrine Capital Management LLC trimmed its stake in shares of Jernigan Capital Inc (NYSE:JCAP) by 0.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 407,282 shares of the real estate investment trust’s stock after selling 1,574 shares during the quarter. Peregrine Capital Management LLC owned 1.99% of Jernigan Capital worth $8,569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loeb Partners Corp acquired a new position in Jernigan Capital during the 4th quarter worth $40,000. FCA Corp TX acquired a new position in shares of Jernigan Capital during the 4th quarter worth about $109,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Jernigan Capital by 569.9% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,873 shares of the real estate investment trust’s stock worth $136,000 after acquiring an additional 5,847 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in shares of Jernigan Capital during the 4th quarter worth about $224,000. Finally, American International Group Inc. boosted its position in shares of Jernigan Capital by 35.4% during the 3rd quarter. American International Group Inc. now owns 11,927 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 3,116 shares in the last quarter. 72.14% of the stock is owned by hedge funds and other institutional investors.

Jernigan Capital stock opened at $21.08 on Monday. Jernigan Capital Inc has a fifty-two week low of $17.57 and a fifty-two week high of $22.05. The stock has a market capitalization of $434.73 million, a PE ratio of 10.13 and a beta of 0.57.



The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Monday, April 1st will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.64%. The ex-dividend date is Friday, March 29th. Jernigan Capital’s payout ratio is currently 67.31%.

Separately, Zacks Investment Research raised Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Jernigan Capital presently has a consensus rating of “Buy” and a consensus price target of $24.00.

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About Jernigan Capital

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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Institutional Ownership by Quarter for Jernigan Capital (NYSE:JCAP)

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