$11.15 Million in Sales Expected for Jernigan Capital Inc (NYSE:JCAP) This Quarter

Equities research analysts forecast that Jernigan Capital Inc (NYSE:JCAP) will post sales of $11.15 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Jernigan Capital’s earnings. The highest sales estimate is $11.60 million and the lowest is $10.53 million. Jernigan Capital posted sales of $9.67 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 15.3%. The business is expected to announce its next quarterly earnings report on Wednesday, February 26th.

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According to Zacks, analysts expect that Jernigan Capital will report full-year sales of $43.80 million for the current financial year, with estimates ranging from $43.49 million to $44.10 million. For the next year, analysts forecast that the company will post sales of $48.48 million, with estimates ranging from $40.30 million to $54.01 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Jernigan Capital.

A number of research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th. Raymond James lowered shares of Jernigan Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, August 5th. Zacks Investment Research upgraded shares of Jernigan Capital from a “sell” rating to a “hold” rating in a research note on Thursday. B. Riley set a $26.00 price target on shares of Jernigan Capital and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, TheStreet lowered shares of Jernigan Capital from a “b-” rating to a “c” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Jernigan Capital has a consensus rating of “Hold” and a consensus price target of $23.50.

Institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC acquired a new position in shares of Jernigan Capital during the second quarter worth about $27,000. Nisa Investment Advisors LLC grew its position in Jernigan Capital by 93.7% during the second quarter. Nisa Investment Advisors LLC now owns 1,850 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 895 shares during the period. Bogart Wealth LLC acquired a new position in Jernigan Capital during the second quarter worth about $51,000. SeaBridge Investment Advisors LLC grew its position in Jernigan Capital by 33.3% during the second quarter. SeaBridge Investment Advisors LLC now owns 4,000 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 1,000 shares during the period. Finally, Strs Ohio grew its position in Jernigan Capital by 16.7% during the second quarter. Strs Ohio now owns 5,600 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 800 shares during the period. Institutional investors and hedge funds own 64.94% of the company’s stock.

Shares of Jernigan Capital stock traded down $0.10 on Friday, reaching $17.40. 184,890 shares of the stock were exchanged, compared to its average volume of 161,902. Jernigan Capital has a 1-year low of $17.21 and a 1-year high of $22.20. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $18.52 and a two-hundred day moving average price of $19.86. The firm has a market capitalization of $389.20 million, a PE ratio of 8.37 and a beta of 0.46.

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

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