JBG SMITH Properties (NYSE:JBGS) Price Target Raised to $17.00

JBG SMITH Properties (NYSE:JBGS) had its target price raised by Evercore ISI from $16.00 to $17.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an underperform rating on the stock.

JBG SMITH Properties Stock Performance

Shares of JBGS opened at $18.27 on Monday. The stock has a market capitalization of $1.62 billion, a PE ratio of -13.14 and a beta of 1.10. The business’s fifty day moving average price is $17.05 and its 200 day moving average price is $15.90. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.88 and a quick ratio of 3.88. JBG SMITH Properties has a 12-month low of $12.63 and a 12-month high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The business had revenue of $135.32 million for the quarter. JBG SMITH Properties had a negative return on equity of 6.64% and a negative net margin of 25.40%.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a dividend of $0.175 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.70 annualized dividend and a yield of 3.83%. JBG SMITH Properties’s payout ratio is -50.36%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of JBG SMITH Properties in the fourth quarter valued at $102,535,000. Private Management Group Inc. grew its holdings in JBG SMITH Properties by 28.8% in the 2nd quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock valued at $30,859,000 after buying an additional 452,901 shares during the last quarter. Wellington Management Group LLP increased its position in JBG SMITH Properties by 13.6% during the fourth quarter. Wellington Management Group LLP now owns 1,286,706 shares of the company’s stock worth $21,887,000 after acquiring an additional 153,552 shares during the period. Quest Partners LLC raised its position in shares of JBG SMITH Properties by 1,003.3% during the second quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock valued at $2,432,000 after buying an additional 145,194 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in JBG SMITH Properties by 6.4% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock valued at $35,941,000 after acquiring an additional 141,802 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties 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, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.