SSgA Funds Management, Inc. recently announced the acquisition of new stake in JBG SMITH Properties (NYSE:JBGS). The institutional investor has increased its shareholding in the Real Estate company by 1.26% to 5.78 million shares with purchase of 71999.0 shares. This fresh investment now brings its stake to 5.08% valued currently at $99.75 million. In addition, T. Rowe Price Investment Manageme raised its holdings by 0.89 million to 5.71 million shares. And Morgan Stanley & Co. LLC has lifted its position by 53.65% or 1.51 million shares – to 4.33 million shares.
With over 2.26 million JBG SMITH Properties (JBGS) shares trading Monday and a closing price of $15.55 on the day, the dollar volume was approximately $35.09 million. The shares have shown a negative half year performance of -30.30% and its price on 03/13/23 gained nearly 0.84%. Currently, there are 113.80M common shares owned by the public and among those 113.42M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for JBGS have a consensus price objective of $19.50. The analysts have set the share’s price value over the next 12 months at a high of $20.00 and a low of $19.00. The average price target is 20.26% above its recent price level and an upside to the estimated low will see the stock gain 18.16% over that period. But an upside of 22.25% will see the stock hit the forecast high price target while median target price for the stock is $19.50.
Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 101,105 shares. Insider sales of the common stock occurred on 10 occasions, with total insider shares sold totaling 246,076 shares.
The top 3 mutual fund holders in JBG SMITH Properties are Government Pension Fund – Global, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index. Government Pension Fund – Global owns 9.51 million shares of the company’s stock, all valued at over $164.07 million. The company sold -2.2 million shares recently to bring their total holdings to about 8.36% of the shares outstanding. Vanguard Real Estate Index Fund bought 2738.0 shares to see its total holdings expand to 4.6 million shares valued at over $79.28 million and representing 4.04% of the shares outstanding. Vanguard Total Stock Market Index bought 6410.0 shares to bring its total holdings to over 3.48 million shares at a value of $60.03 million. Vanguard Total Stock Market Index now owns shares totaling to 3.06% of the shares outstanding.
Shares of JBG SMITH Properties (NYSE: JBGS) opened at $15.26, down -$0.16 from a prior closing price of $15.42. However, the script later moved the day high at 15.65, up 0.84%. The company’s stock has a 5-day price change of -4.72% and -21.39% over the past three months. JBGS shares are trading -18.07% year to date (YTD), with the 12-month market performance down to -46.84% lower. It has a 12-month low price of $15.33 and touched a high of $30.10 over the same period. JBGS has an average intraday trading volume of 1.23 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.95%, -17.05%, and -26.13% respectively.
Institutional ownership of JBG SMITH Properties (NYSE: JBGS) shares accounts for 97.10% of the company’s 113.80M shares outstanding. Mutual fund holders own 53.67%, while other institutional holders and individual stakeholders account for 7.72% and 41.36% respectively.
It has a market capitalization of $1.84B and a beta (3y monthly) value of 0.99. The stock’s trailing 12-month PE ratio is 23.28, while the earnings-per-share (ttm) stands at $0.67. The company has a PEG of 3.88 and the debt-to-equity ratio at 0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.79% over the week and 3.15% over the month.
Analysts forecast that JBG SMITH Properties (JBGS) will achieve an EPS of -$0.13 for the current quarter, $0 for the next quarter and -$0.42 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.13 while analysts give the company a high EPS estimate of -$0.13. Comparatively, EPS for the current quarter was -$0.45 a year ago. Earnings per share for the fiscal year are expected to increase by 211.80%, and 4.40% over the next financial year. EPS should shrink at an annualized rate of 6.00% over the next five years, compared to 24.20% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate JBG SMITH Properties (JBGS) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 3 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the JBGS, a number of firms have released research notes about the stock. BMO Capital Markets stated their Market Perform rating for the stock in a research note on May 31, 2022, with the firm’s price target at $38-$30. Wolfe Research coverage for the JBG SMITH Properties (JBGS) stock in a research note released on May 23, 2022 offered a Peer Perform rating with a price target of $26. Wolfe Research was of a view on January 05, 2022 that the stock is Outperform, while BMO Capital Markets gave the stock Outperform rating on July 12, 2021, issuing a price target of $40. Evercore ISI on their part issued In-line rating on December 17, 2019.
