JBG SMITH Properties (NYSE:JBGS – Get Rating) had its target price trimmed by Evercore ISI from $26.00 to $25.00 in a research report released on Monday morning, The Fly reports. The firm currently has an in-line rating on the stock.
JBGS has been the subject of a number of other reports. Wolfe Research downgraded shares of JBG SMITH Properties from an outperform rating to a market perform rating and reduced their price objective for the stock from $35.00 to $26.00 in a research report on Monday, May 23rd. BMO Capital Markets cut shares of JBG SMITH Properties from an outperform rating to a market perform rating and dropped their price target for the company from $38.00 to $30.00 in a research note on Tuesday, May 31st.
Get JBG SMITH Properties alerts:JBG SMITH Properties Price Performance
Shares of NYSE JBGS opened at $21.98 on Monday. The firm's 50-day moving average price is $23.37 and its 200-day moving average price is $25.32. JBG SMITH Properties has a 1-year low of $21.14 and a 1-year high of $31.09. The firm has a market capitalization of $2.51 billion, a P/E ratio of 38.56 and a beta of 0.89. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.71.
JBG SMITH Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were paid a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 4.09%. The ex-dividend date was Thursday, August 11th. JBG SMITH Properties's dividend payout ratio is presently 157.90%.Insiders Place Their Bets
In other JBG SMITH Properties news, CIO George Laucks Xanders sold 7,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $22.38, for a total value of $156,660.00. Following the sale, the executive now directly owns 8,350 shares in the company, valued at approximately $186,873. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider David Peter Paul sold 5,000 shares of the company's stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $23.92, for a total transaction of $119,600.00. Following the completion of the transaction, the insider now owns 24,619 shares in the company, valued at $588,886.48. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CIO George Laucks Xanders sold 7,000 shares of the company's stock in a transaction on Friday, September 9th. The stock was sold at an average price of $22.38, for a total transaction of $156,660.00. Following the transaction, the executive now owns 8,350 shares of the company's stock, valued at approximately $186,873. The disclosure for this sale can be found here. Insiders have sold 75,847 shares of company stock worth $1,814,787 in the last three months. 6.08% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of JBG SMITH Properties by 6.9% in the 4th quarter. State Street Corp now owns 5,745,343 shares of the company's stock valued at $166,230,000 after purchasing an additional 368,826 shares during the last quarter. Everett Harris & Co. CA raised its position in shares of JBG SMITH Properties by 234.4% in the 1st quarter. Everett Harris & Co. CA now owns 24,525 shares of the company's stock valued at $717,000 after purchasing an additional 17,190 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in shares of JBG SMITH Properties in the 1st quarter valued at approximately $420,000. FDx Advisors Inc. raised its position in shares of JBG SMITH Properties by 9.4% in the 1st quarter. FDx Advisors Inc. now owns 8,798 shares of the company's stock valued at $257,000 after purchasing an additional 758 shares during the last quarter. Finally, American Trust Investment Advisors LLC raised its position in shares of JBG SMITH Properties by 3.6% in the 1st quarter. American Trust Investment Advisors LLC now owns 128,820 shares of the company's stock valued at $3,764,000 after purchasing an additional 4,535 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company's stock.
JBG SMITH Properties Company Profile
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JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.
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