JBG SMITH Properties (NYSE:JBGS) Hits New 52-Week Low - Here's Why

Key Points

• JBG SMITH Properties shares hit a new 52-week low, falling 3.4% to approximately $10.64, below both its 50-day and 200-day moving averages.
• Analyst sentiment remains highly negative: the stock has a consensus rating of “Strong Sell”, despite an average price target of $14.67.
• The company pays a quarterly dividend of $0.175, equivalent to a 6.6% annualized yield, while institutional investors own 98.46% of outstanding shares.

Shares of JBG SMITH Properties (NYSE:JBGS - Get Free Report) reached a new 52-week low 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.

Wall Street Analysts Forecast Growth

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

JBG SMITH Properties Trading Down 3.4%

The firm's 50-day simple moving average is $12.52 and its 200-day simple moving average is $14.01. 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 has a market capitalization of $623.00 million, a PE ratio of -4.07 and a beta of 1.07.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.175 dividend. The ex-dividend date 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 currently -26.82%.

Institutional Investors Weigh In On JBG SMITH Properties

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in JBG SMITH Properties during the 2nd quarter valued at about $164,185,000. Private Management Group Inc. grew its position in shares of JBG SMITH Properties by 2.1% in the 2nd quarter. Private Management Group Inc. now owns 1,677,809 shares of the company's stock worth $24,613,000 after buying an additional 33,874 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of JBG SMITH Properties by 16,414.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company's stock valued at $7,331,000 after buying an additional 496,696 shares during the period. Legal & General Group Plc raised its holdings in shares of JBG SMITH Properties by 4.0% during the fourth quarter. Legal & General Group Plc now owns 479,641 shares of the company's stock valued at $8,159,000 after acquiring an additional 18,357 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of JBG SMITH Properties during the second quarter valued at approximately $6,687,000. Institutional investors own 98.46% of the company's stock.

About JBG SMITH Properties

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.

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