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Evercore ISI Cuts JBG SMITH Properties (NYSE:JBGS) Price Target to $25.00

kopsource · Sep 22, 2022 03:31

JBG SMITH Properties (NYSE:JBGS – Get Rating) had its price objective 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.

A number of other brokerages also recently weighed in on JBGS. Wolfe Research downgraded shares of JBG SMITH Properties from an outperform rating to a market perform rating and lowered their price objective for the company from $35.00 to $26.00 in a research report on Monday, May 23rd. BMO Capital Markets downgraded shares of JBG SMITH Properties from an outperform rating to a market perform rating and lowered their price objective for the company from $38.00 to $30.00 in a research report on Tuesday, May 31st.

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JBG SMITH Properties Trading Down 3.8 %

NYSE:JBGS opened at $20.48 on Monday. The company's 50 day moving average price is $23.32 and its 200-day moving average price is $25.29. JBG SMITH Properties has a 52 week low of $20.48 and a 52 week high of $31.09. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.71. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 37.37 and a beta of 0.89.

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were given a $0.225 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.90 annualized dividend and a yield of 4.39%. JBG SMITH Properties's 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 transaction, the executive now directly owns 8,350 shares in the company, valued at $186,873. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CIO George Laucks Xanders sold 7,000 shares of the firm's stock in a transaction on Friday, September 9th. The shares were sold at an average price of $22.38, for a total transaction of $156,660.00. Following the sale, the executive now directly owns 8,350 shares in the company, valued at approximately $186,873. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Madhumita Moina Banerjee sold 26,000 shares of the firm's stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $23.95, for a total transaction of $622,700.00. Following the sale, the chief financial officer now owns 4,000 shares in the company, valued at $95,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,847 shares of company stock worth $1,814,787. Company insiders own 6.08% of the company's stock.

Institutional Trading of JBG SMITH Properties

Several institutional investors and hedge funds have recently modified their holdings of the company. Brown Advisory Inc. grew its stake in JBG SMITH Properties by 6.5% during the second quarter. Brown Advisory Inc. now owns 328,405 shares of the company's stock valued at $7,763,000 after acquiring an additional 20,185 shares in the last quarter. Captrust Financial Advisors purchased a new position in JBG SMITH Properties during the second quarter valued at $133,000. JBF Capital Inc. grew its stake in JBG SMITH Properties by 2.9% during the second quarter. JBF Capital Inc. now owns 359,219 shares of the company's stock valued at $8,492,000 after acquiring an additional 10,000 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in JBG SMITH Properties during the second quarter valued at $41,000. Finally, Goldman Sachs Group Inc. grew its stake in JBG SMITH Properties by 0.4% during the second quarter. Goldman Sachs Group Inc. now owns 455,825 shares of the company's stock valued at $10,776,000 after acquiring an additional 2,042 shares in the last quarter. 85.15% of the stock is currently owned by institutional investors.

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.