JBG SMITH Properties (NYSE:JBGS) Sets New 1-Year Low – Here’s Why

JBG SMITH Properties (NYSE:JBGS)’s share price reached a new 52-week low during trading on Wednesday. The company traded as low as $10.66 and last traded at $10.6360, with a volume of 30485 shares changing hands. The stock had previously closed at $11.01.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Evercore reissued an “underperform” rating and issued a $12.00 target price on shares of JBG SMITH Properties in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Capital One Financial set a $13.00 price target on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Finally, Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Sunday, September 6th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, JBG SMITH Properties currently has a consensus rating of “Strong Sell” and a consensus price target of $14.67.

JBG SMITH Properties Stock Performance

The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 2.35. The company has a market cap of $611.52 million, a P/E ratio of -4.00 and a beta of 1.07. The business’s 50 day simple moving average is $12.34 and its 200 day simple moving average is $13.94.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.1750 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.70 annualized dividend and a yield of 6.7%. JBG SMITH Properties’s dividend payout ratio is currently -26.82%.

Institutional Investors Weigh In On JBG SMITH Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Resona Asset Management Co. Ltd. grew its holdings in shares of JBG SMITH Properties by 3.6% during the first quarter. Resona Asset Management Co. Ltd. now owns 26,440 shares of the company’s stock worth $389,000 after buying an additional 914 shares in the last quarter. Heritage Investors Management Corp raised its position in shares of JBG SMITH Properties by 20.4% in the first quarter. Heritage Investors Management Corp now owns 14,619 shares of the company’s stock valued at $214,000 after buying an additional 2,477 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of JBG SMITH Properties by 3.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 92,200 shares of the company’s stock worth $1,568,000 after buying an additional 2,800 shares in the last quarter. State of Wyoming purchased a new position in shares of JBG SMITH Properties in the second quarter worth about $72,000. Finally, Hsbc Holdings PLC boosted its position 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 acquiring an additional 4,936 shares during the last quarter. 98.46% of the stock is owned by 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.