JBG SMITH Properties (NYSE:JBGS) Receives Average Rating of “Hold” from Analysts

Shares of JBG SMITH Properties (NYSE:JBGS) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.

Analysts have set a 1-year consensus price objective of $42.00 for the company and are anticipating that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also assigned JBG SMITH Properties an industry rank of 83 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, March 6th.

In other news, Director Michael J. Glosserman sold 58,437 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $40.92, for a total value of $2,391,242.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Glosserman sold 20,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $40.58, for a total transaction of $811,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 218,437 shares of company stock worth $8,918,042. 8.92% of the stock is currently owned by insiders.

Several hedge funds have recently added to or reduced their stakes in JBGS. Norges Bank purchased a new position in shares of JBG SMITH Properties in the fourth quarter worth $255,294,000. Deutsche Bank AG lifted its holdings in shares of JBG SMITH Properties by 236.2% in the fourth quarter. Deutsche Bank AG now owns 2,655,954 shares of the company’s stock worth $92,450,000 after buying an additional 1,866,026 shares in the last quarter. Massachusetts Institute of Technology purchased a new position in shares of JBG SMITH Properties in the fourth quarter worth $59,884,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of JBG SMITH Properties by 3,734.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,502,086 shares of the company’s stock worth $43,000 after buying an additional 1,462,915 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of JBG SMITH Properties by 9.9% in the first quarter. JPMorgan Chase & Co. now owns 4,587,449 shares of the company’s stock worth $189,691,000 after buying an additional 413,697 shares in the last quarter. 75.92% of the stock is currently owned by hedge funds and other institutional investors.

Shares of JBGS stock opened at $40.29 on Thursday. JBG SMITH Properties has a 52 week low of $33.30 and a 52 week high of $43.21. The company has a market capitalization of $5.40 billion, a PE ratio of 24.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.57 and a quick ratio of 4.57.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date was Friday, May 10th. JBG SMITH Properties’s payout ratio is 52.02%.

JBG SMITH Properties Company Profile

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.

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