JBG SMITH Properties (NYSE:JBGS – Get Free Report) gapped up prior to trading on Friday. The stock had previously closed at $10.71, but opened at $11.43. JBG SMITH Properties shares last traded at $11.40, with a volume of 4,428 shares traded.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on JBGS. BMO Capital Markets reissued an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Evercore restated an “underperform” rating and issued a $12.00 price objective on shares of JBG SMITH Properties in a research note on Monday, September 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Friday, September 4th. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Three equities research analysts have rated the stock with a Sell rating. Based on data from MarketBeat, JBG SMITH Properties has a consensus rating of “Strong Sell” and a consensus target price of $12.50.
View Our Latest Stock Report on JBG SMITH Properties
JBG SMITH Properties Stock Up 1.0%
The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. The business has a fifty day simple moving average of $11.30 and a two-hundred day simple moving average of $13.38. The company has a market capitalization of $673.73 million, a price-to-earnings ratio of -4.40 and a beta of 1.11.
JBG SMITH Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.1750 per share. This represents a $0.70 annualized dividend and a dividend yield of 6.1%. The ex-dividend date was Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio (DPR) is -26.82%.
Institutional Trading of JBG SMITH Properties
Several institutional investors have recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. lifted its holdings in JBG SMITH Properties by 3.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 26,440 shares of the company’s stock valued at $389,000 after purchasing an additional 914 shares during the last quarter. Farther Finance Advisors LLC boosted its position in JBG SMITH Properties by 62.7% in the third quarter. Farther Finance Advisors LLC now owns 4,726 shares of the company’s stock valued at $47,000 after buying an additional 1,821 shares in the last quarter. Heritage Investors Management Corp grew its stake in JBG SMITH Properties by 20.4% during the first quarter. Heritage Investors Management Corp now owns 14,619 shares of the company’s stock worth $214,000 after buying an additional 2,477 shares during the last quarter. State of Wyoming bought a new stake in JBG SMITH Properties during the second quarter worth about $72,000. Finally, Hsbc Holdings PLC grew its stake in JBG SMITH Properties by 4.3% during the second quarter. Hsbc Holdings PLC now owns 118,627 shares of the company’s stock worth $1,741,000 after buying an additional 4,936 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.
JBG SMITH Properties Company Profile
JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.
The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH’s activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.
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