JBG SMITH Properties (NYSE:JBGS) Hits New 12-Month High – Here’s Why

JBG SMITH Properties (NYSE:JBGS) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $23.43 and last traded at $23.25, with a volume of 881349 shares traded. The stock had previously closed at $23.20.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JBGS. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Evercore ISI reduced their price target on JBG SMITH Properties from $20.00 to $19.00 and set an “underperform” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties has an average rating of “Sell” and an average price target of $17.00.

JBG SMITH Properties Trading Up 0.2%

The firm has a 50-day moving average of $19.94 and a 200-day moving average of $17.36. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. The firm has a market capitalization of $1.44 billion, a P/E ratio of -12.30 and a beta of 1.33.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.73. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%.The firm had revenue of $126.48 million for the quarter, compared to analyst estimates of $116.76 million.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $0.70 annualized dividend and a dividend yield of 3.0%. JBG SMITH Properties’s payout ratio is -37.04%.

Insider Activity at JBG SMITH Properties

In other news, CAO Angela Valdes sold 10,098 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $21.53, for a total transaction of $217,409.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CIO George Laucks Xanders sold 5,600 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $21.57, for a total value of $120,792.00. Following the transaction, the executive directly owned 2,750 shares in the company, valued at $59,317.50. This trade represents a 67.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JBG SMITH Properties

Several hedge funds have recently made changes to their positions in JBGS. Farther Finance Advisors LLC increased its stake in shares of JBG SMITH Properties by 1,052.9% during the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $42,000 after buying an additional 2,390 shares during the period. Versant Capital Management Inc boosted its position in shares of JBG SMITH Properties by 113.7% during the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company’s stock valued at $54,000 after purchasing an additional 1,795 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of JBG SMITH Properties by 113.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after purchasing an additional 1,741 shares in the last quarter. US Bancorp DE boosted its position in shares of JBG SMITH Properties by 123.6% during the first quarter. US Bancorp DE now owns 3,787 shares of the company’s stock valued at $61,000 after purchasing an additional 2,093 shares in the last quarter. Finally, MAI Capital Management boosted its position in shares of JBG SMITH Properties by 103.5% during the first quarter. MAI Capital Management now owns 4,184 shares of the company’s stock valued at $67,000 after purchasing an additional 2,128 shares in the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.