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Why JBG SMITH Properties (JBGS) Stock Could See Much Higher Prices Ahead

JBG SMITH Properties (NYSE: JBGS) is -5.64% lower on its value in year-to-date trading and has touched a low of $12.63 and a high of $18.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JBGS stock was last observed hovering at around $16.26 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $16.05, the stock is -4.60% and -3.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing -1.29% at the moment leaves the stock 3.51% off its SMA200. JBGS registered 13.99% gain for a year compared to 6-month gain of 15.55%. The firm has a 50-day simple moving average (SMA 50) of $6.53 and a 200-day simple moving average (SMA200) of $18.37.

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The stock witnessed a -1.59% loss in the last 1 month and extending the period to 3 months gives it a -6.69%, and is -5.09% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.48% over the week and 2.85% over the month.

JBG SMITH Properties (JBGS) has around 844 employees, a market worth around $1.48B and $604.20M in sales. Profit margin for the company is -13.58%. Distance from 52-week low is 27.08% and -11.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.73%).

JBG SMITH Properties quarterly earnings per share for the current quarter are estimated at -$0.22 with sales reaching $144.51M over the same period.The EPS is expected to shrink by -46.15% this year, but quarterly earnings will post -12.00% year-over-year. Quarterly sales are estimated to grow 16.50% in year-over-year returns.

JBG SMITH Properties (JBGS) Top Institutional Holders

316 institutions hold shares in JBG SMITH Properties (JBGS), with institutional investors hold 101.75% of the company’s shares. The shares outstanding are 94.31M, and float is at 91.27M with Short Float at 7.95%. Institutions hold 101.72% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 21.3 million shares valued at $320.31 million. The investor’s holdings represent 20.59% of the JBGS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 17.17 million shares valued at $258.22 million to account for 16.60% of the shares outstanding. The other top investors are Norges Bank Investment Management which holds 9.51 million shares representing 9.19% and valued at over $180.52 million, while Long Pond Capital, LP holds 7.77% of the shares totaling 8.04 million with a market value of $120.86 million.

JBG SMITH Properties (JBGS) Insider Activity

The most recent transaction is an insider purchase by Stewart Robert Alexander,the company’sDirector. SEC filings show that Stewart Robert Alexander bought 30,000 shares of the company’s common stock on Mar 01 ’24 at a price of $16.87 per share for a total of $0.51 million. Following the purchase, the insider now owns 30000.0 shares.

JBG SMITH Properties disclosed in a document filed with the SEC on Mar 01 ’24 that Banerjee Madhumita Moina (Chief Financial Officer) sold a total of 16,901 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $17.00 per share for $0.29 million. Following the transaction, the insider now directly holds 0.0 shares of the JBGS stock.

Still, SEC filings show that on Dec 14 ’23, Valdes Angela (Chief Accounting Officer) disposed off 2,000 shares at an average price of $17.85 for $35700.0. The insider now directly holds 10,098 shares of JBG SMITH Properties (JBGS).

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