JBG SMITH Properties (NYSE:JBGS) Price Target Cut to $25.00

JBG SMITH Properties (NYSE:JBGSGet Rating) had its price objective reduced by Evercore ISI from $26.00 to $25.00 in a report released on Monday morning, The Fly reports. They currently have an in-line rating on the stock.

Several other research analysts have also recently commented on JBGS. BMO Capital Markets cut JBG SMITH Properties from an outperform rating to a market perform rating and lowered their target price for the stock from $38.00 to $30.00 in a research note on Tuesday, May 31st. Wolfe Research cut JBG SMITH Properties from an outperform rating to a market perform rating and lowered their target price for the stock from $35.00 to $26.00 in a research note on Monday, May 23rd.

JBG SMITH Properties Trading Down 2.5 %

JBGS opened at $19.96 on Monday. JBG SMITH Properties has a 12 month low of $19.73 and a 12 month high of $31.09. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 35.02 and a beta of 0.89. The company has a debt-to-equity ratio of 0.71, a current ratio of 5.11 and a quick ratio of 5.11. The business has a fifty day moving average price of $23.20 and a 200 day moving average price of $25.20.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.90 dividend on an annualized basis and a yield of 4.51%. JBG SMITH Properties’s payout ratio is currently 157.90%.

Insiders Place Their Bets

In other news, CFO Madhumita Moina Banerjee sold 26,000 shares of JBG SMITH Properties stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $23.95, for a total value of $622,700.00. Following the transaction, the chief financial officer now directly owns 4,000 shares of the company’s stock, valued at approximately $95,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Madhumita Moina Banerjee sold 26,000 shares of JBG SMITH Properties stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $23.95, for a total value of $622,700.00. Following the transaction, the chief financial officer now directly owns 4,000 shares in the company, valued at approximately $95,800. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Peter Paul sold 24,360 shares of JBG SMITH Properties stock in a transaction on Friday, August 12th. The shares were sold at an average price of $24.33, for a total transaction of $592,678.80. Following the completion of the transaction, the insider now owns 1,722 shares in the company, valued at $41,896.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,847 shares of company stock valued at $1,814,787. 6.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JBG SMITH Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new position in JBG SMITH Properties in the 4th quarter valued at $336,316,000. Long Pond Capital LP boosted its position in shares of JBG SMITH Properties by 4.2% during the 2nd quarter. Long Pond Capital LP now owns 8,621,200 shares of the company’s stock worth $203,805,000 after purchasing an additional 349,635 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of JBG SMITH Properties by 7.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,442,638 shares of the company’s stock worth $152,305,000 after purchasing an additional 438,357 shares in the last quarter. State Street Corp boosted its position in shares of JBG SMITH Properties by 12.1% during the 1st quarter. State Street Corp now owns 6,438,232 shares of the company’s stock worth $188,125,000 after purchasing an additional 692,889 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of JBG SMITH Properties by 11.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,861,028 shares of the company’s stock worth $67,636,000 after purchasing an additional 285,479 shares in the last quarter. 85.15% of the stock is currently owned by hedge funds and other institutional investors.

About JBG SMITH Properties

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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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