The stock of JBG SMITH Properties (NYSE:JBGS) last traded at $15.57, down -0.76% from the previous session.
Data from the available sources indicates that JBG SMITH Properties (NYSE:JBGS) is covered by 3 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $16.00, we find $17.50. Given the previous closing price of $15.69, this indicates a potential upside of 11.54 percent. JBGS stock price is now 5.55% away from the 50-day moving average and -9.94% away from the 200-day moving average. The market capitalization of the company currently stands at $1.70B.
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In total, 3 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $17.50 as their price target over the next twelve months.
With the price target reduced from $38 to $30, BMO Capital Markets Downgraded its rating from Outperform to Market Perform for JBG SMITH Properties (NYSE: JBGS).
In other news, Banerjee Madhumita Moina, Chief Financial Officer sold 41,751 shares of the company’s stock on Feb 23. The stock was sold for $757,363 at an average price of $18.14. Upon completion of the transaction, the Chief Financial Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09, Pres. & Chief Operating Off. Paul David Peter sold 562 shares of the business’s stock. A total of $11,201 was realized by selling the stock at an average price of $19.93. This leaves the insider owning 1,160 shares of the company worth $18061.2. Insiders disposed of 287,827 shares of company stock worth roughly $4.48 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in JBGS stock. A new stake in JBG SMITH Properties shares was purchased by EXODUSPOINT CAPITAL MANAGEMENT, LP during the first quarter worth $3,566,000. PUBLIC SECTOR PENSION INVESTMENT BOARD invested $2,711,000 in shares of JBGS during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in JBG SMITH Properties valued at approximately $2,230,000. SQUAREPOINT OPS LLC acquired a new stake in JBGS for approximately $1,722,000. DUALITY ADVISERS, LP purchased a new stake in JBGS valued at around $1,361,000 in the second quarter. In total, there are 343 active investors with 97.10% ownership of the company’s stock.
With an opening price of $15.55 on Monday morning, JBG SMITH Properties (NYSE: JBGS) set off the trading day. During the past 12 months, JBG SMITH Properties has had a low of $13.37 and a high of $25.68. According to the stock market information, the enterprise value for the company is $3.87B, which is based on a 18.23 price-to-earnings ratio, a 3.04 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for JBGS is $14.79 and a two-hundred day moving average price translates $17.26 for the stock.
The latest earnings results from JBG SMITH Properties (NYSE: JBGS) was released for Mar, 2023. According to the REIT – Office Company, earnings per share came in at $0.19, beating analysts’ expectations of -$0.18 by 0.37. This compares to $0.00 EPS in the same period last year. The net profit margin was 17.50% and return on equity was 3.80% for JBGS. The company reported revenue of $152.96 million for the quarter, compared to $161.97 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.56 percent. For the current quarter, analysts expect JBGS to generate $155.28M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/30/2023. Investors who held shares on 06/23/2023 were paid a $0.225 dividend. On an annualized basis, this represents a $0.90 dividend and a 5.78% percent yield. There was an ex-dividend date of 06/22/2023 for this dividend. In terms of dividend payout ratio, JBGS is presently at 105.40%.
JBG SMITH Properties(JBGS) Company Profile
JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area. Approximately two-thirds of JBG SMITH’s holdings are in the National Landing submarket in Northern Virginia, which is anchored by four key demand drivers: Amazon’s new headquarters; Virginia Tech’s under-construction $1 billion Innovation Campus; the submarket’s proximity to the Pentagon; and JBG SMITH’s deployment of next-generation public and private 5G digital infrastructure. JBG SMITH’s dynamic portfolio currently comprises 15.0 million square feet of high-growth office, multifamily, and retail assets at share, 98% of which are Metro-served. It also maintains a development pipeline encompassing 9.8 million square feet of mixed-use, primarily multifamily, development opportunities. JBG SMITH is committed to the operation and development of green, smart, and healthy buildings and plans to maintain carbon neutral operations annually.
