JBG SMITH Properties (NYSE:JBGS) Shares Gap Up - Here's Why

Key Points

• JBG SMITH Properties shares opened sharply higher, rising from a prior close of $10.71 to $11.43 before settling near $11.40.
• Despite the price increase, analyst sentiment remains negative: the stock has a consensus “Strong Sell” rating and a $12.50 target price, with multiple analysts maintaining sell or underperform ratings.
• The REIT pays a quarterly dividend of $0.175 per share, equivalent to an annualized $0.70 dividend and a 6.1% yield; institutional investors own 98.46% of the stock.

JBG SMITH Properties (NYSE:JBGS - Get Free Report)'s share price gapped up before the market opened on Friday. The stock had previously closed at $10.71, but opened at $11.43. JBG SMITH Properties shares last traded at $11.40, with a volume of 4,428 shares traded.

Analysts Set New Price Targets

JBGS has been the topic of several recent research reports. Capital One Financial set a $13.00 target price on JBG SMITH Properties in a 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. BMO Capital Markets reissued an "underperform" rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Evercore reissued an "underperform" rating and issued a $12.00 price objective on shares of JBG SMITH Properties in a research note on Monday, September 21st. Finally, Wall Street Zen upgraded JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, October 17th. Three equities research analysts have rated the stock with a Sell rating. According to MarketBeat, the company has a consensus rating of "Strong Sell" and a consensus price target of $12.50.

JBG SMITH Properties Trading Up 1.0%

The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 2.35. The company's fifty day moving average is $11.30 and its 200-day moving average is $13.38. The firm has a market capitalization of $673.73 million, a P/E ratio of -4.40 and a beta of 1.11.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.1750 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.70 dividend on an annualized basis and a yield of 6.1%. JBG SMITH Properties's payout ratio is currently -26.82%.

Institutional Investors Weigh In On JBG SMITH Properties

A number of hedge funds have recently bought and sold shares of JBGS. Farther Finance Advisors LLC grew its position in shares of JBG SMITH Properties by 62.7% in the third quarter. Farther Finance Advisors LLC now owns 4,726 shares of the company's stock valued at $47,000 after purchasing an additional 1,821 shares during the last quarter. State of Wyoming acquired a new position in shares of JBG SMITH Properties during the 2nd quarter worth about $72,000. IFM Investors Pty Ltd acquired a new position in shares of JBG SMITH Properties during the 1st quarter worth about $141,000. Sanctuary Advisors LLC bought a new stake in JBG SMITH Properties during the 1st quarter valued at approximately $180,000. Finally, Susquehanna International Group LLP boosted its stake in JBG SMITH Properties by 128.7% during the 2nd quarter. Susquehanna International Group LLP now owns 13,062 shares of the company's stock valued at $192,000 after purchasing an additional 58,633 shares during the period. 98.46% of the stock is currently owned by institutional investors.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.

The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH's activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.

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