JCAP - Jernigan Capital, Inc.

NYSE - NYSE Delayed Price. Currency in USD
14.05
+0.25 (+1.81%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close13.80
Open13.98
Bid14.01 x 800
Ask14.01 x 800
Day's Range13.58 - 14.14
52 Week Range8.83 - 20.97
Volume123,485
Avg. Volume287,107
Market Cap326.966M
Beta (5Y Monthly)1.05
PE Ratio (TTM)N/A
EPS (TTM)-1.88
Earnings DateMay 07, 2020
Forward Dividend & Yield0.92 (6.55%)
Ex-Dividend DateJun 30, 2020
1y Target Est19.25
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
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Overvalued
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  • Hedge Funds Are Falling Out Of Love With Jernigan Capital Inc (JCAP)
    Insider Monkey

    Hedge Funds Are Falling Out Of Love With Jernigan Capital Inc (JCAP)

    Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]

  • Thomson Reuters StreetEvents

    Edited Transcript of JCAP.N earnings conference call or presentation 8-May-20 4:00pm GMT

    Q1 2020 Jernigan Capital Inc Earnings Call

  • Jernigan Capital Inc (JCAP) Q1 2020 Earnings Call Transcript
    Motley Fool

    Jernigan Capital Inc (JCAP) Q1 2020 Earnings Call Transcript

    Image source: The Motley Fool. Jernigan Capital Inc (NYSE: JCAP)Q1 2020 Earnings CallMay 9, 2020, 9:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGreeting, and welcome to the Jernigan Capital, Inc.

  • Jernigan Capital Announces Dividends for Second Quarter 2020
    Business Wire

    Jernigan Capital Announces Dividends for Second Quarter 2020

    Jernigan Capital, Inc. (NYSE:JCAP) (the "Company") announced today that its Board of Directors declared a cash dividend of $0.23 per share of common stock for the quarter ending June 30, 2020. The dividend is payable on July 15, 2020 to stockholders of record on July 1, 2020. The quarterly distribution represents an annualized dividend rate of $0.92 per share.

  • Jernigan Capital (JCAP) Reports Q1 Loss, Misses Revenue Estimates
    Zacks

    Jernigan Capital (JCAP) Reports Q1 Loss, Misses Revenue Estimates

    Jernigan Capital (JCAP) delivered earnings and revenue surprises of -333.33% and -0.33%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Jernigan Capital Reports First Quarter Results
    Business Wire

    Jernigan Capital Reports First Quarter Results

    Jernigan Capital, Inc. (NYSE: JCAP), an owner of self-storage facilities and a leading capital partner for self-storage entrepreneurs nationwide, today announced results for the quarter ended March 31, 2020.

  • Why Jernigan Capital (JCAP) Could Beat Earnings Estimates Again
    Zacks

    Why Jernigan Capital (JCAP) Could Beat Earnings Estimates Again

    Jernigan Capital (JCAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Memphis public company CEO on weathering the COVID storm
    American City Business Journals

    Memphis public company CEO on weathering the COVID storm

    For five weeks, Jernigan Capital (JCAP) CEO John Good rode out the COVID-19 pandemic at his vacation home in Santa Rosa Beach, Florida. The economy is still in shambles, and most companies, including JCAP, have seen pieces fall. Move-ins at storage facilities are down — running about 70% less than budget through April 22.

  • Jernigan Capital Announces Change to Virtual Format for 2020 Annual Meeting of Stockholders
    Business Wire

    Jernigan Capital Announces Change to Virtual Format for 2020 Annual Meeting of Stockholders

    Jernigan Capital, Inc. (NYSE: JCAP) announced today that, due to the ongoing COVID-19 pandemic and in order to continue to abide by social distancing orders issued by the City of Memphis and otherwise to protect the health and safety of employees, stockholders and the greater community, its 2020 Annual Meeting of Stockholders (the "Annual Meeting") will change to an audio, virtual-only format. The date and time of the Annual Meeting will not change and will take place at 8:00 a.m. Central Daylight Time on April 28, 2020. There also is no change to the items of business to be addressed at the meeting, which are described in Jernigan Capital’s proxy materials as previously distributed.

  • Jernigan Capital Announces Date for First Quarter 2020 Earnings Release and Conference Call
    Business Wire

    Jernigan Capital Announces Date for First Quarter 2020 Earnings Release and Conference Call

    Jernigan Capital, Inc. (NYSE:JCAP) (the "Company") announced today it will release financial results for the three month period ended March 31, 2020 on Thursday, May 7, 2020 after the market close. The Company will host a webcast and conference call for investors and other interested parties at 12:00 p.m. ET on Friday, May 8, 2020.

  • Some Analysts Just Cut Their Jernigan Capital, Inc. (NYSE:JCAP) Estimates
    Simply Wall St.

    Some Analysts Just Cut Their Jernigan Capital, Inc. (NYSE:JCAP) Estimates

    Today is shaping up negative for Jernigan Capital, Inc. (NYSE:JCAP) shareholders, with the analysts delivering a...

  • Did You Manage To Avoid Jernigan Capital's (NYSE:JCAP) 50% Share Price Drop?
    Simply Wall St.

    Did You Manage To Avoid Jernigan Capital's (NYSE:JCAP) 50% Share Price Drop?

    Many investors define successful investing as beating the market average over the long term. But its virtually certain...

  • IP, local companies open new credit lines in wake of COVID
    American City Business Journals

    IP, local companies open new credit lines in wake of COVID

    International Paper just opened a $750 million credit line. And, AutoZone is considering doing the same.

  • Jernigan Capital Upsizes Credit Facility to $375 Million with Reduced Pricing, Extended Maturity and Additional Banks; Provides Liquidity and Business Updates
    Business Wire

    Jernigan Capital Upsizes Credit Facility to $375 Million with Reduced Pricing, Extended Maturity and Additional Banks; Provides Liquidity and Business Updates

    Jernigan Capital, Inc. (NYSE: JCAP) (the "Company") announced that on March 26, 2020, it entered into an amended and restated senior secured revolving credit facility of up to $375 million with a syndicate of banks led by KeyBank National Association and BMO Harris Bank N.A. The $375 million credit facility, which has an accordion feature permitting expansion up to $750 million, subject to certain conditions including obtaining additional commitments from lenders, has a three-year term that expires March 24, 2023 and two one-year extension options.

  • Thomson Reuters StreetEvents

    Edited Transcript of JCAP earnings conference call or presentation 27-Feb-20 4:00pm GMT

    Q4 2019 Jernigan Capital Inc Earnings Call

  • With colleges closing, Jernigan Capital sees increase in self-storage rentals
    American City Business Journals

    With colleges closing, Jernigan Capital sees increase in self-storage rentals

    Business, for many companies, is slow. But Jernigan Capital's self-storage facilities near colleges and universities are bustling.

  • Memphis-based public companies prep for coronavirus outbreak
    American City Business Journals

    Memphis-based public companies prep for coronavirus outbreak

    With the virus entering Shelby County, some of Memphis' biggest companies are working to protect their employees.

  • Jernigan shareholders approve transformational transaction
    American City Business Journals

    Jernigan shareholders approve transformational transaction

    Jernigan Capital needed its shareholders to approve the transaction. And they did so in an overwhelming fashion.

  • Jernigan acquires six properties, continues to execute long-term strategy
    American City Business Journals

    Jernigan acquires six properties, continues to execute long-term strategy

    Jernigan Capital has bought out partners scattered throughout the South, continuing to execute its long-term plan.

  • Will Jernigan Capital (JCAP) Beat Estimates Again in Its Next Earnings Report?
    Zacks

    Will Jernigan Capital (JCAP) Beat Estimates Again in Its Next Earnings Report?

    Jernigan Capital (JCAP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Need To Know: Jernigan Capital, Inc. (NYSE:JCAP) Insiders Have Been Buying Shares
    Simply Wall St.

    Need To Know: Jernigan Capital, Inc. (NYSE:JCAP) Insiders Have Been Buying Shares

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • 3 Buy-Rated Mortgage REIT Stocks That Pay a 7% Dividend  Yield — Or More
    TipRanks

    3 Buy-Rated Mortgage REIT Stocks That Pay a 7% Dividend Yield — Or More

    Do you love dividends? Of course you do -- and rightly so!Scholars who study the stock market's historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500's total returns. Simply put, if you're not investing in dividend stocks, you're doing it wrong.And if you do love dividends, there's one sector in particular you should be focusing on: Real estate investment trusts, or REITs, pay out some of the most generous yields available to investors today, in many cases, several times more yield than the 2% average on the S&P 500.Knowing this, and having just been presented with a new stock report from investment bank B. Riley FBR, we've taken a good close look at the REITs highlighted therein -- and run them through our TipRanks Stock Screener tool to ensure that other analysts agree with B. Riley. Three of them make the grade, and here they are for your perusal.Ellington Financial (EFC)Starting at the top is Old Greenwich, Connecticut-based Ellington Financial. Ellington focuses its business on the acquisition of residential mortgage-backed securities (RMBS), which confer upon their holders the right to collect mortgage payments on residential mortgage loans, as well as the actual residential mortgage loans themselves, commercial MBS, and of course, commercial mortgage loans, too.Ellington Financial has a good track record of putting "capital to work at wider spreads while protecting book value, which has resulted in strong economic returns and dividend stability," says B. Riley's analyst Tim Hayes. In his opinion, this REIT is "one of the best positioned companies ... to take advantage of ebbs and flows in the MBS markets/potential volatility in 2020," and in particular, to take advantage of the Fed's recent uptick in buying mortgage-backed securities to inject money into the economy.2020, says Hayes, "could be a very strong year for EFC, especially given the potential for significant volatility surrounding the November election, GSE reform, and Fed policy." Indeed, Hayes posits earnings ahead of consensus this year ($1.87 per share), rising to $1.92 per share in 2021, and the analyst believes this warrants a higher price target of $19.50 on this buy-rated stock (5.5% above current pricing). Overall, Hayes says Ellington is one of this top two picks in this sector. (To watch Hayes' track record, click here)Other analysts are even more optimistic. Of the three investment banks that have rated Ellington over the past month, all three agree the stock is a "buy" -- and on average, they think it's worth $20 a share. 7% ahead of current pricing, that should combine with Ellington's 9.2% dividend yield to product returns in excess of 16%. (See Ellington stock analysis at TipRanks)New Residential Investment (NRZ)Hayes's second REIT of the day is New Residential Investment. A specialist in residential mortgage loans, this NYC-based mortgage REIT is both the biggest stock on today's list by a large margin (market cap -- $6.9 billion), and also the most generous dividend payer, with a shockingly large yield of 12.3%.It's also, alongside Ellington Financial, one of Hayes's top two picks in the sector, with a target price of $18.50 per share and a profit potential of 12.5% (before added the dividend. After the dividend, you could be looking at close to a 25% profit).Why is Hayes optimistic about this one? In the current low interest rate environment, says the analyst, with a strong economy and strong demand for housing, there's likely to be significant demand for new and refinanced loans, creating new business for New Residential's loan originating business, "New Rez." Rising expenses and weaker "asset yields," says the analyst, could weigh on earnings this year ($2.10 per share is his guess), but business could perk back up in 2021, and Hayes is forecasting profits per share of $2.14, justifying the analyst's buy rating.And Wall Street is broadly in agreement. Over the last couple of months, two other analysts have rated New Residential Investment Corp a buy, and only one a "hold." Their consensus, by the way, that the stock is worth $18.20, isn't that far off from Hayes's own. (See New Residential stock analysis at TipRanks)Jernigan Capital (JCAP)Last but not least, Jernigan Capital is a Memphis, Tennessee-based small-cap REIT that focuses on providing debt and equity capital to self-storage facility businesses in over 100 U.S. markets. In fact, according to the company, it is the only REIT in America that focuses its business entirely upon the self-storage sector. Which is, incidentally, a great place to do business, given Americans' affinity for collecting "stuff."In B. Riley's report, analyst Tim Hayes predicts that 2020 will be "a breakout year for JCAP" featuring multiple acquisitions driving "stronger NOI growth and NAV creation." For those not familiar with the terms, that refers to net operating income -- or profits -- and net asset value, which refers to the value of the assets the company controls.Hayes is predicting a $26 target price for Jernigan stock by the end of this year, which is 38.5% above where the stock trades today.Though, Hayes notes that his predictions of $1.22 per share in adjusted earnings per share in 2020, and $0.88 per share in 2021, are both below consensus estimates. Conceivably, if Jernigan earns more than Hayes predicts, the stock could be worth even more. Indeed, with a 7.1% dividend yield, it's almost certain to deliver more in terms of total return.Jernigan has slipped under most analysts’ radar; the stock’s Moderate Buy consensus is based on just two recent ratings. With shares trading at $18.90, the $23 average price target suggests room for a 22% upside. (See Jernigan stock analysis at TipRanks)

  • Memphis public company enters asset purchase agreement, Dean Jernigan to retire
    American City Business Journals

    Memphis public company enters asset purchase agreement, Dean Jernigan to retire

    As the company that carries his name enters into a transformational chapter, Dean Jernigan is set to retire.

  • Is Jernigan Capital Inc (JCAP) Going to Burn These Hedge Funds?
    Insider Monkey

    Is Jernigan Capital Inc (JCAP) Going to Burn These Hedge Funds?

    Does Jernigan Capital Inc (NYSE:JCAP) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend […]