JBG SMITH Properties (NYSE:JBGS) Sets New 1-Year Low – What’s Next?

JBG SMITH Properties (NYSE:JBGS – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $10.66 and last traded at $10.6360, with a volume of 30485 shares traded. The stock had previously closed at $11.01.

JBGS has been the topic of several research reports. Evercore restated an “underperform” rating and set a $12.00 price target on shares of JBG SMITH Properties in a research report on Monday. BMO Capital Markets reissued an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Sunday, September 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average price target of $14.67.

The firm’s fifty day simple moving average is $12.52 and its 200-day simple moving average is $14.01. The firm has a market capitalization of $623.00 million, a PE ratio of -4.07 and a beta of 1.07. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.70 annualized dividend and a dividend yield of 6.6%. JBG SMITH Properties’s dividend payout ratio (DPR) is -26.82%.

A number of institutional investors have recently made changes to their positions in JBGS. Engineers Gate Manager LP bought a new stake in JBG SMITH Properties during the second quarter valued at about $557,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of JBG SMITH Properties in the second quarter worth about $781,000. BTG Pactual Asset Management US LLC lifted its position in shares of JBG SMITH Properties by 75.4% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 27,239 shares of the company’s stock valued at $400,000 after buying an additional 11,707 shares in the last quarter. Susquehanna International Group LLP lifted its position in shares of JBG SMITH Properties by 128.7% during the 2nd quarter. Susquehanna International Group LLP now owns 13,062 shares of the company’s stock valued at $192,000 after buying an additional 58,633 shares in the last quarter. Finally, Private Management Group Inc. grew its stake in shares of JBG SMITH Properties by 2.1% during the 2nd quarter. Private Management Group Inc. now owns 1,677,809 shares of the company’s stock valued at $24,613,000 after acquiring an additional 33,874 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use, multifamily and office properties in the Washington, DC, metropolitan area. The company’s portfolio includes residential communities, office buildings, retail spaces and development sites designed to support urban living and employment.
JBG SMITH has a significant presence in National Landing, the Virginia area encompassing parts of Arlington County and the City of Alexandria, including Pentagon City, Crystal City and Potomac Yard.
Read More

Five stocks we like better than JBG SMITH Properties
Thor Industries Is Boring—And That May Be Its Biggest Advantage
Full Throttle: Kratos and GE Fire Up a Next-Gen Defense Engine
Sandisk Joins the S&P 100—Is the Index Flow, or the AI Story, Driving the Stock?
These 4 Companies Are Monetizing AI Today

Receive News & Ratings for JBG SMITH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JBG SMITH Properties and related companies with MarketBeat.com's FREE daily email newsletter.

JBG SMITH has a significant presence in National Landing, the Virginia area encompassing parts of Arlington County and the City of Alexandria, including Pentagon City, Crystal City and Potomac Yard.

Vanguard Mortgage-Backed Securities ETF (NASDAQ:VMBS) Hits New 1-Year Low – Should You Sell?