JBG SMITH Properties (NYSE:JBGS) Price Target Raised to $17.00 at Evercore ISI

JBG SMITH Properties (NYSE:JBGS) had its price objective raised by Evercore ISI from $16.00 to $17.00 in a report released on Monday,Benzinga reports. Evercore ISI currently has an underperform rating on the stock.

JBG SMITH Properties Trading Down 1.2%

Shares of NYSE:JBGS opened at $16.41 on Monday. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $18.86. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42. The company’s fifty day simple moving average is $15.42 and its 200 day simple moving average is $15.51. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -9.83 and a beta of 1.14.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.51. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The business had revenue of $120.69 million for the quarter, compared to analyst estimates of $124.35 million.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.27%. JBG SMITH Properties’s payout ratio is -37.43%.

Institutional Investors Weigh In On JBG SMITH Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. bought a new position in JBG SMITH Properties in the third quarter valued at $500,000. Asset Management One Co. Ltd. grew its position in JBG SMITH Properties by 3.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 125,610 shares of the company’s stock valued at $1,913,000 after purchasing an additional 4,130 shares in the last quarter. Empowered Funds LLC bought a new position in JBG SMITH Properties in the fourth quarter valued at $239,000. Invesco Ltd. grew its position in JBG SMITH Properties by 94.4% in the fourth quarter. Invesco Ltd. now owns 691,230 shares of the company’s stock valued at $10,624,000 after purchasing an additional 335,661 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in JBG SMITH Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 409,520 shares of the company’s stock valued at $6,294,000 after purchasing an additional 1,892 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.