Analysts Expect JBG SMITH Properties (JBGS) to Announce $0.48 Earnings Per Share

JBG SMITH Properties (NYSE:JBGS) has been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation. JBG SMITH Properties’ rating score has improved by 40% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a 1-year consensus target price of $37.00 for the company and are forecasting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also given JBG SMITH Properties an industry rank of 160 out of 257 based on the ratings given to related companies.

JBGS has been the subject of several research analyst reports. ValuEngine raised shares of JBG SMITH Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Stifel Nicolaus raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating and increased their target price for the stock from $34.00 to $37.00 in a research note on Monday, October 22nd. Finally, Zacks Investment Research raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th.

Shares of JBGS traded up $0.12 during mid-day trading on Monday, reaching $39.04. The stock had a trading volume of 619,356 shares, compared to its average volume of 859,272. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.69. JBG SMITH Properties has a 52-week low of $30.86 and a 52-week high of $40.39. The firm has a market capitalization of $4.75 billion, a P/E ratio of 22.67 and a beta of -0.02.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.31%. The ex-dividend date is Friday, November 9th.

In other JBG SMITH Properties news, CIO James Lee Iker sold 23,837 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $37.54, for a total transaction of $894,840.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.33% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Glen Harbor Capital Management LLC lifted its position in shares of JBG SMITH Properties by 21.1% during the second quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the company’s stock worth $288,000 after purchasing an additional 1,376 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in JBG SMITH Properties by 9.4% in the third quarter. Xact Kapitalforvaltning AB now owns 16,300 shares of the company’s stock valued at $600,000 after acquiring an additional 1,400 shares in the last quarter. Teachers Insurance & Annuity Association of America raised its holdings in JBG SMITH Properties by 1.1% in the third quarter. Teachers Insurance & Annuity Association of America now owns 133,635 shares of the company’s stock valued at $4,922,000 after acquiring an additional 1,454 shares in the last quarter. Arizona State Retirement System raised its holdings in JBG SMITH Properties by 2.3% in the second quarter. Arizona State Retirement System now owns 64,696 shares of the company’s stock valued at $2,359,000 after acquiring an additional 1,484 shares in the last quarter. Finally, Riverhead Capital Management LLC raised its holdings in JBG SMITH Properties by 20.7% in the second quarter. Riverhead Capital Management LLC now owns 8,760 shares of the company’s stock valued at $319,000 after acquiring an additional 1,500 shares in the last quarter. 78.50% of the stock is currently owned by institutional investors and hedge funds.

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. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.

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