Evercore ISI Issues Positive Forecast for JBG SMITH Properties (NYSE:JBGS) Stock Price

JBG SMITH Properties (NYSE:JBGS) had its price objective hoisted by Evercore ISI from $16.00 to $17.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an underperform rating on the stock.

JBG SMITH Properties Price Performance

JBGS stock opened at $16.54 on Monday. The company has a market capitalization of $1.21 billion, a P/E ratio of -9.90 and a beta of 1.14. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $18.86. The business has a 50 day simple moving average of $15.33 and a 200-day simple moving average of $15.49. The company has a current ratio of 3.73, a quick ratio of 3.87 and a debt-to-equity ratio of 1.42.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.51. The business had revenue of $120.69 million during the quarter, compared to the consensus estimate of $124.35 million. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%.

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Thursday, May 8th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -37.43%.

Institutional Investors Weigh In On JBG SMITH Properties

Large investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in JBG SMITH Properties by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company’s stock worth $713,000 after acquiring an additional 662 shares in the last quarter. Aberdeen Group plc raised its position in JBG SMITH Properties by 3.6% in the first quarter. Aberdeen Group plc now owns 22,285 shares of the company’s stock worth $359,000 after acquiring an additional 777 shares in the last quarter. State of Tennessee Department of Treasury raised its position in JBG SMITH Properties by 2.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company’s stock worth $653,000 after acquiring an additional 818 shares in the last quarter. Carmel Capital Partners LLC raised its position in JBG SMITH Properties by 3.2% in the fourth quarter. Carmel Capital Partners LLC now owns 27,030 shares of the company’s stock worth $415,000 after acquiring an additional 830 shares in the last quarter. Finally, Bank of Montreal Can raised its position in JBG SMITH Properties by 8.5% in the fourth quarter. Bank of Montreal Can now owns 11,928 shares of the company’s stock worth $183,000 after acquiring an additional 939 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.