JBG SMITH Properties (NYSE:JBGS) Hits New 52-Week Low - Should You Sell?

Key Points

• JBG SMITH Properties fell to a new 52-week low of $10.13, below its previous close of $10.53, with shares last trading near $10.20.
• Analyst sentiment is strongly negative: MarketBeat reports a consensus “Strong Sell” rating, with three analysts rating the stock a sell and a consensus price target of $14.67.
• The company pays a quarterly dividend of $0.175 per share, equivalent to an annualized $0.70 dividend and a 6.9% yield; institutional investors and hedge funds own 98.46% of the stock.

JBG SMITH Properties (NYSE:JBGS - Get Free Report)'s stock price reached a new 52-week low on Tuesday. The company traded as low as $10.13 and last traded at $10.2010, with a volume of 1002017 shares. The stock had previously closed at $10.53.

Wall Street Analysts Forecast Growth

JBGS has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JBG SMITH Properties in a research report on Friday, September 4th. Capital One Financial set a $13.00 price target on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Evercore restated an "underperform" rating and set a $12.00 price objective on shares of JBG SMITH Properties in a research note on Monday, September 21st. BMO Capital Markets restated an "underperform" rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded JBG SMITH Properties from a "hold" rating to a "sell" rating in a research report on Saturday. Three equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties has a consensus rating of "Strong Sell" and a consensus price target of $14.67.

JBG SMITH Properties Stock Performance

The stock has a market capitalization of $597.57 million, a P/E ratio of -3.91 and a beta of 1.07. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.89 and a current ratio of 4.89. The company's fifty day simple moving average is $12.17 and its two-hundred day simple moving average is $13.88.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a dividend of $0.1750 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 6.9%. JBG SMITH Properties's dividend payout ratio (DPR) is currently -26.82%.

Hedge Funds Weigh In On JBG SMITH Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in JBG SMITH Properties during the 2nd quarter valued at $164,185,000. Private Management Group Inc. boosted its holdings in 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 worth $24,613,000 after acquiring an additional 33,874 shares during the last quarter. Legal & General Group Plc grew its stake in shares of JBG SMITH Properties by 4.0% in the 4th quarter. Legal & General Group Plc now owns 479,641 shares of the company's stock worth $8,159,000 after acquiring an additional 18,357 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of JBG SMITH Properties by 16,414.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company's stock worth $7,331,000 after acquiring an additional 496,696 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of JBG SMITH Properties in the second quarter valued at about $6,687,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Company Profile

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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