JBG SMITH Properties (NYSE:JBGS) PT Raised to $17.00 at Evercore ISI

JBG SMITH Properties (NYSE:JBGS) had its target price raised by Evercore ISI from $16.00 to $17.00 in a research note released on Monday, Benzinga reports. Evercore ISI currently has an underperform rating on the stock.

JBG SMITH Properties Price Performance

Shares of JBGS stock opened at $18.27 on Monday. JBG SMITH Properties has a 52 week low of $12.63 and a 52 week high of $18.86. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 3.88. The stock’s fifty day moving average is $17.05 and its 200-day moving average is $15.90. The stock has a market capitalization of $1.62 billion, a PE ratio of -13.14 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. The company had revenue of $135.32 million for the quarter. JBG SMITH Properties had a negative return on equity of 6.64% and a negative net margin of 25.40%.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a dividend of $0.175 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.83%. JBG SMITH Properties’s payout ratio is presently -50.36%.

Institutional Trading of JBG SMITH Properties

Institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. raised its stake in JBG SMITH Properties by 127.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,786 shares of the company’s stock valued at $30,000 after buying an additional 1,000 shares during the period. Quest Partners LLC acquired a new stake in shares of JBG SMITH Properties in the 4th quarter valued at approximately $186,000. Bfsg LLC lifted its stake in shares of JBG SMITH Properties by 9.5% in the 2nd quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after acquiring an additional 1,102 shares during the last quarter. Inspire Investing LLC increased its stake in shares of JBG SMITH Properties by 4.2% in the second quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock valued at $354,000 after buying an additional 937 shares during the period. Finally, Carmel Capital Partners LLC raised its stake in shares of JBG SMITH Properties by 7.6% during the first quarter. Carmel Capital Partners LLC now owns 23,043 shares of the company’s stock valued at $370,000 after acquiring an additional 1,618 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.