JBG SMITH Properties (NYSE:JBGS) Coverage Initiated at Bank of America

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Bank of America started coverage on shares of JBG SMITH Properties (NYSE:JBGS) in a research report released on Thursday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $42.00 target price on the stock.

Separately, Zacks Investment Research raised shares of JBG SMITH Properties from a hold rating to a strong-buy rating and set a $44.00 price objective for the company in a report on Tuesday, August 13th.

JBG SMITH Properties stock opened at $38.94 on Thursday. The company has a market cap of $5.14 billion, a PE ratio of 22.51 and a beta of 0.68. The company has a fifty day moving average price of $39.09 and a two-hundred day moving average price of $40.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.65 and a quick ratio of 3.65. JBG SMITH Properties has a 12 month low of $33.30 and a 12 month high of $43.21.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.13. The firm had revenue of $122.33 million during the quarter, compared to the consensus estimate of $119.77 million. JBG SMITH Properties had a net margin of 7.12% and a return on equity of 1.45%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 earnings per share. Equities research analysts anticipate that JBG SMITH Properties will post 1.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 26th. Stockholders of record on Tuesday, August 13th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, August 12th. JBG SMITH Properties’s dividend payout ratio (DPR) is 52.02%.

Several institutional investors and hedge funds have recently made changes to their positions in JBGS. Quadrant Capital Group LLC raised its stake in shares of JBG SMITH Properties by 3,276.2% during the first quarter. Quadrant Capital Group LLC now owns 709 shares of the company’s stock valued at $28,000 after purchasing an additional 688 shares in the last quarter. Legacy Bridge LLC bought a new stake in shares of JBG SMITH Properties during the first quarter valued at about $31,000. Marshall Wace North America L.P. bought a new stake in shares of JBG SMITH Properties during the first quarter valued at about $41,000. Steward Partners Investment Advisory LLC bought a new stake in shares of JBG SMITH Properties during the second quarter valued at about $54,000. Finally, Machina Capital S.A.S. raised its stake in shares of JBG SMITH Properties by 594.6% during the second quarter. Machina Capital S.A.S. now owns 4,515 shares of the company’s stock valued at $178,000 after purchasing an additional 3,865 shares in the last quarter. 77.53% of the stock is owned by institutional investors.

JBG SMITH Properties Company Profile

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.

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