Shares of JBG SMITH Properties (NYSE:JBGS – Get Free Report) hit a new 52-week low on Tuesday. The company traded as low as $10.13 and last traded at $10.2010, with a volume of 1002017 shares. The stock had previously closed at $10.53.
Analyst Ratings Changes
Several research analysts have issued reports on JBGS shares. Evercore reiterated an “underperform” rating and issued a $12.00 price objective on shares of JBG SMITH Properties in a research report on Monday, September 21st. Wall Street Zen cut shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Finally, Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Strong Sell” and an average target price of $14.67.
Check Out Our Latest Research Report on JBG SMITH Properties
JBG SMITH Properties Stock Performance
JBG SMITH Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a $0.1750 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.0%. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -26.82%.
Institutional Investors Weigh In On JBG SMITH Properties
Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new position in JBG SMITH Properties during the 2nd quarter valued at about $164,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of JBG SMITH Properties by 16,414.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company’s stock valued at $7,331,000 after purchasing an additional 496,696 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of JBG SMITH Properties in the second quarter valued at approximately $6,687,000. Legal & General Group Plc acquired a new stake in shares of JBG SMITH Properties in the second quarter valued at approximately $4,893,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of JBG SMITH Properties during the 2nd quarter worth approximately $781,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.
About JBG SMITH Properties
JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use, multifamily and office properties in the Washington, DC, metropolitan area. The company’s portfolio includes residential communities, office buildings, retail spaces and development sites designed to support urban living and employment.
JBG SMITH has a significant presence in National Landing, the Virginia area encompassing parts of Arlington County and the City of Alexandria, including Pentagon City, Crystal City and Potomac Yard.
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