JBG SMITH Properties (NYSE:JBGS) Sets New 1-Year High - Here's Why

JBG SMITH Properties (NYSE:JBGS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.26 and last traded at $19.25, with a volume of 136522 shares traded. The stock had previously closed at $18.71.

Analysts Set New Price Targets

Separately, Evercore ISI increased their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research note on Monday, May 19th.

JBG SMITH Properties Stock Performance

The firm has a market capitalization of $1.43 billion, a P/E ratio of -10.45 and a beta of 1.24. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 1.60. The business's 50 day simple moving average is $17.67 and its two-hundred day simple moving average is $16.07.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.42) by $0.51. The business had revenue of $120.69 million during the quarter, compared to analyst estimates of $124.35 million. JBG SMITH Properties had a negative net margin of 30.02% and a negative return on equity of 8.59%.

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.58%. JBG SMITH Properties's dividend payout ratio is currently -37.43%.

Institutional Trading of JBG SMITH Properties

Institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its holdings in shares of JBG SMITH Properties by 814.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock valued at $40,000 after acquiring an additional 2,289 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of JBG SMITH Properties by 1,052.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock valued at $42,000 after acquiring an additional 2,390 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of JBG SMITH Properties by 113.7% during the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after acquiring an additional 1,795 shares during the last quarter. US Bancorp DE boosted its holdings in shares of JBG SMITH Properties by 123.6% during the 1st quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after acquiring an additional 2,093 shares during the last quarter. Finally, MAI Capital Management boosted its holdings in shares of JBG SMITH Properties by 103.5% in the first quarter. MAI Capital Management now owns 4,184 shares of the company's stock worth $67,000 after buying an additional 2,128 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors.

About JBG SMITH Properties

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.