Zacks: Brokerages Expect Jernigan Capital Inc (NYSE:JCAP) Will Announce Earnings of $0.35 Per Share

Equities research analysts predict that Jernigan Capital Inc (NYSE:JCAP) will post earnings per share of $0.35 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Jernigan Capital’s earnings, with estimates ranging from $0.32 to $0.37. Jernigan Capital posted earnings of $1.04 per share in the same quarter last year, which would indicate a negative year over year growth rate of 66.3%. The firm is expected to report its next quarterly earnings report on Wednesday, February 26th.

On average, analysts expect that Jernigan Capital will report full year earnings of $1.91 per share for the current financial year, with EPS estimates ranging from $1.84 to $1.98. For the next year, analysts anticipate that the business will post earnings of $1.27 per share, with EPS estimates ranging from $1.15 to $1.36. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Jernigan Capital.

Several analysts have commented on the stock. B. Riley set a $26.00 price objective on shares of Jernigan Capital and gave the stock a “buy” rating in a report on Wednesday, September 18th. ValuEngine upgraded Jernigan Capital from a “sell” rating to a “hold” rating in a report on Thursday, October 10th. Zacks Investment Research raised Jernigan Capital from a “sell” rating to a “hold” rating in a research report on Thursday, November 21st. Finally, TheStreet cut Jernigan Capital from a “b-” rating to a “c” rating in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $23.67.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC increased its stake in shares of Jernigan Capital by 36.0% during the second quarter. Citadel Advisors LLC now owns 53,384 shares of the real estate investment trust’s stock valued at $1,094,000 after purchasing an additional 14,128 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Jernigan Capital by 146.1% in the 2nd quarter. Prudential Financial Inc. now owns 78,957 shares of the real estate investment trust’s stock worth $1,619,000 after buying an additional 46,870 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of Jernigan Capital by 13.2% in the 3rd quarter. California Public Employees Retirement System now owns 35,053 shares of the real estate investment trust’s stock worth $675,000 after buying an additional 4,093 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Jernigan Capital by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,134,011 shares of the real estate investment trust’s stock worth $43,748,000 after buying an additional 48,843 shares during the last quarter. Finally, Aperio Group LLC increased its position in Jernigan Capital by 39.8% during the 2nd quarter. Aperio Group LLC now owns 28,675 shares of the real estate investment trust’s stock valued at $588,000 after buying an additional 8,169 shares in the last quarter. 67.80% of the stock is owned by institutional investors.

Shares of JCAP traded up $0.07 during trading hours on Friday, reaching $17.49. 187,446 shares of the company traded hands, compared to its average volume of 224,357. The company’s fifty day moving average price is $18.08 and its two-hundred day moving average price is $19.57. The company has a market capitalization of $387.37 million, a price-to-earnings ratio of 8.41 and a beta of 0.42. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.30. Jernigan Capital has a 12 month low of $17.21 and a 12 month high of $22.20.

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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Earnings History and Estimates for Jernigan Capital (NYSE:JCAP)

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