JBG SMITH Properties (NYSE:JBGS) has earned an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.
Brokerages have set a one year consensus price target of $41.00 for the company and are anticipating that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned JBG SMITH Properties an industry rank of 103 out of 256 based on the ratings given to related companies.
JBGS has been the subject of several analyst reports. ValuEngine lowered JBG SMITH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Bank of America initiated coverage on JBG SMITH Properties in a research note on Thursday, August 15th. They issued a “neutral” rating and a $42.00 price objective for the company. Finally, Zacks Investment Research upgraded JBG SMITH Properties from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, August 13th.
JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.28 by $0.13. The firm had revenue of $122.33 million during the quarter, compared to analyst estimates of $119.77 million. JBG SMITH Properties had a return on equity of 1.45% and a net margin of 7.12%. JBG SMITH Properties’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. Research analysts expect that JBG SMITH Properties will post 1.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Tuesday, August 13th were paid a $0.225 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.90 annualized dividend and a dividend yield of 2.29%. JBG SMITH Properties’s dividend payout ratio (DPR) is 52.02%.
A number of hedge funds have recently modified their holdings of JBGS. Price T Rowe Associates Inc. MD lifted its holdings in shares of JBG SMITH Properties by 45.0% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 12,155,754 shares of the company’s stock valued at $478,207,000 after acquiring an additional 3,774,482 shares during the last quarter. Resolution Capital Ltd bought a new stake in JBG SMITH Properties in the second quarter worth about $76,896,000. Zimmer Partners LP bought a new stake in JBG SMITH Properties in the second quarter worth about $64,405,000. Nuveen Asset Management LLC lifted its stake in JBG SMITH Properties by 182.2% in the second quarter. Nuveen Asset Management LLC now owns 1,854,235 shares of the company’s stock worth $72,945,000 after purchasing an additional 1,197,097 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in JBG SMITH Properties by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 5,681,052 shares of the company’s stock worth $221,220,000 after purchasing an additional 1,093,603 shares during the last quarter. Institutional investors and hedge funds own 86.18% of the company’s stock.
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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