JCAP - Jernigan Capital, Inc.

NYSE - NYSE Delayed Price. Currency in USD
19.14
+0.12 (+0.63%)
At close: 4:02PM EST
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Previous Close19.02
Open19.03
Bid0.00 x 800
Ask22.00 x 800
Day's Range18.84 - 19.19
52 Week Range17.21 - 22.20
Volume233,166
Avg. Volume298,141
Market Cap425.614M
Beta (5Y Monthly)0.46
PE Ratio (TTM)10.08
EPS (TTM)1.90
Earnings DateOct 29, 2019
Forward Dividend & Yield1.40 (7.36%)
Ex-Dividend DateDec 29, 2019
1y Target Est24.00
  • 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.

  • Business Wire

    Jernigan Capital, Inc. Announces Agreement to Internalize External Manager

    Jernigan Capital, Inc. (the "Company") (NYSE: JCAP) today announced that it has executed a definitive asset purchase agreement with JCAP Advisors, LLC ("the Advisor"), the Company’s external advisor, in which Jernigan Capital Operating Company, LLC (the "Operating Company"), will acquire the business assets and liabilities of the Advisor, thereby internalizing the Advisor (the "Internalization" or the "Transaction"). Consideration to the Advisor will consist exclusively of units of membership interests in the Operating Company ("OpCo Units"), which may be tendered for redemption one year after issuance for cash, or at the Company’s option, on a one-for-one basis in exchange for shares of the Company’s common stock (the "Common Stock"). The owners of the Advisor will receive no cash in the Internalization. The Transaction, which is subject to stockholder approval and other customary closing conditions, is expected to close during the first quarter of 2020. As a result of the Internalization, the Company will directly employ the existing management team and all other employees of the Advisor. The Internalization is expected to be immediately accretive to earnings per share and adjusted earnings per share.

  • 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 […]

  • Signs That Your Trading Will Ruin Your Retirement - December 13, 2019
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  • The Extreme Risks of Trading Your Own Retirement Assets - December 04, 2019
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    The Extreme Risks of Trading Your Own Retirement Assets - December 04, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Powerful Proof Anyone Can Invest for an Early Retirement - December 03, 2019
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    Powerful Proof Anyone Can Invest for an Early Retirement - December 03, 2019

    Accomplishing the financial cushion to retire early is a fantasy for most, but bringing that fantasy to reality is not as difficult as it sounds. If you are willing to make some serious lifestyle adjustments, it can be achievable.

  • Signs That Your Trading Will Ruin Your Retirement - November 22, 2019
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    Signs That Your Trading Will Ruin Your Retirement - November 22, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Want To Retire Early? Learn the Intelligent Investing Secret - November 20, 2019
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    Want To Retire Early? Learn the Intelligent Investing Secret - November 20, 2019

    Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.

  • Thomson Reuters StreetEvents

    Edited Transcript of JCAP earnings conference call or presentation 31-Oct-19 3:00pm GMT

    Q3 2019 Jernigan Capital Inc Earnings Call

  • The Extreme Risks of Trading Your Own Retirement Assets - November 13, 2019
    Zacks

    The Extreme Risks of Trading Your Own Retirement Assets - November 13, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Want To Retire Early? Learn the Intelligent Investing Secret - November 08, 2019
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    Want To Retire Early? Learn the Intelligent Investing Secret - November 08, 2019

    Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.

  • Business Wire

    Jernigan Capital To Be Added to the MSCI US REIT Index

    Jernigan Capital, Inc. announced today that it will be added to the MSCI US REIT Index , effective as of the close of November 26, 2019.

  • Hedge Funds Have Never Been More Bullish On Jernigan Capital Inc (JCAP)
    Insider Monkey

    Hedge Funds Have Never Been More Bullish On Jernigan Capital Inc (JCAP)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]

  • Business Wire

    Jernigan Capital Announces Dividends for Fourth Quarter 2019

    Jernigan Capital, Inc. (JCAP) (the “Company”) announced today that its Board of Directors declared a cash dividend of $0.35 per share of common stock for the quarter ending December 31, 2019. The quarterly distribution represents an annualized dividend rate of $1.40 per share. The Company’s Board of Directors also declared a cash dividend on the Series B Preferred Stock in the amount of $0.4375 per share for the quarter ending December 31, 2019.

  • Jernigan Capital (JCAP) Q3 Earnings and Revenues Beat Estimates
    Zacks

    Jernigan Capital (JCAP) Q3 Earnings and Revenues Beat Estimates

    Jernigan Capital (JCAP) delivered earnings and revenue surprises of 24.32% and 10.19%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Business Wire

    Jernigan Capital Reports Third Quarter EPS and Adjusted EPS Above High End of Guidance Range; Tightens Full-Year EPS Guidance Range and Raises Full-Year Adjusted EPS Guidance Range

    Jernigan Capital, Inc. , an owner of self-storage facilities and a leading capital partner for self-storage entrepreneurs nationwide, today announced results for the quarter ended September 30, 2019.

  • 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.

  • Jernigan Capital (JCAP) Expected to Beat Earnings Estimates: Should You Buy?
    Zacks

    Jernigan Capital (JCAP) Expected to Beat Earnings Estimates: Should You Buy?

    Jernigan Capital (JCAP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • What's in the Cards for New Residential's (NRZ) Q3 Earnings?
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    What's in the Cards for New Residential's (NRZ) Q3 Earnings?

    While New Residential's (NRZ) Q3 results will likely reflect benefits of strong originations and refinancing, credit risks related to residential mortgage loans might have made its earnings volatile.

  • GuruFocus.com

    Top Insider Buys Highlight for the Week of Oct. 18

    Insiders invest in Catalyst Pharmaceuticals, Keurig Dr Pepper, Hersha Hospitality Trust and Jernigan Capital Continue reading...

  • Business Wire

    Jernigan Capital Announces Date for Third Quarter 2019 Earnings Release and Conference Call

    Jernigan Capital, Inc. (JCAP) (the “Company”) announced today it will release financial results for the three and nine month periods ended September 30, 2019 on Wednesday, October 30, 2019 after the market close. The Company will host a webcast and conference call for investors and other interested parties at 11:00 a.m. ET on Thursday, October 31, 2019. The webcast may be accessed live by visiting the Company’s investor relations website at investors.jernigancapital.com.

  • The Extreme Risks of Trading Your Own Retirement Assets - October 10, 2019
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    The Extreme Risks of Trading Your Own Retirement Assets - October 10, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Easy Investing Secrets to an Early Retirement - October 09, 2019
    Zacks

    Easy Investing Secrets to an Early Retirement - October 09, 2019

    Achieving the financial freedom to retire early is a dream for most, but making that dream a reality isn't as tricky as it sounds. If you are willing to make some serious lifestyle changes and sacrifices, it can be possible.