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

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

Separately, Zacks Investment Research raised JBG SMITH Properties from a hold rating to a strong-buy rating and set a $44.00 target price on the stock in a research note on Tuesday, August 13th.

NYSE JBGS opened at $38.94 on Thursday. The stock’s 50-day moving average price is $39.09 and its two-hundred day moving average price is $40.45. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.48. The company has a market cap of $5.14 billion, a PE ratio of 22.51 and a beta of 0.68. JBG SMITH Properties has a 1 year low of $33.30 and a 1 year high of $43.21.

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

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

A number of large investors have recently added to or reduced their stakes in JBGS. Quadrant Capital Group LLC grew its stake in shares of JBG SMITH Properties by 3,276.2% in the 1st quarter. Quadrant Capital Group LLC now owns 709 shares of the company’s stock valued at $28,000 after buying an additional 688 shares in the last quarter. Legacy Bridge LLC bought a new stake in shares of JBG SMITH Properties in the 1st quarter valued at approximately $31,000. Marshall Wace North America L.P. bought a new stake in shares of JBG SMITH Properties in the 1st quarter valued at approximately $41,000. Steward Partners Investment Advisory LLC bought a new stake in shares of JBG SMITH Properties in the 2nd quarter valued at approximately $54,000. Finally, Machina Capital S.A.S. grew its stake in shares of JBG SMITH Properties by 594.6% in the 2nd quarter. Machina Capital S.A.S. now owns 4,515 shares of the company’s stock valued at $178,000 after buying an additional 3,865 shares in the last quarter. 77.53% of the stock is currently 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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