JBG SMITH Properties (NYSE: JBGS) stock fell -2.83% on Monday to $14.75 against a previous-day closing price of $15.18. With 1.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.69 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $15.17 whereas the lowest price it dropped to was $14.69. The 52-week range on JBGS shows that it touched its highest point at $21.98 and its lowest point at $13.37 during that stretch. It currently has a 1-year price target of $17.00. With its current market cap of 1.56 billion, JBGS has annualized dividend of $0.90 while the current yield stands at 6.10%. Beta for the stock currently stands at 0.99.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JBGS was down-trending over the past week, with a drop of -4.03%, but this was up by 2.08% over a month. Three-month performance dropped to -3.91% while six-month performance rose 3.00%. The stock lost -31.65% in the past year, while it has lost -22.29% so far this year. A look at the trailing 12-month EPS for JBGS yields -0.27 with Next year EPS estimates of -0.77. For the next quarter, that number is -0.15. This implies an EPS growth rate of 211.80% for this year and -234.80% for next year. EPS is expected to grow by 6.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 24.20%.
Float and Shares Shorts:
At present, 109.69 million JBGS shares are outstanding with a float of 94.85 million shares on hand for trading. On Aug 30, 2023, short shares totaled 12.52 million, which was 12.10% higher than short shares on Jul 30, 2023. In addition to Mr. W. Matthew Kelly as the firm’s CEO & Trustee, Ms. Moina Banerjee serves as its Chief Financial Officer.
Through their ownership of 107.99% of JBGS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 8.42% of JBGS, in contrast to 60.58% held by mutual funds. Shares owned by individuals account for 48.33%. As the largest shareholder in JBGS with 16.31% of the stake, The Vanguard Group, Inc. holds 16,866,800 shares worth 16,866,800. A second-largest stockholder of JBGS, BlackRock Fund Advisors, holds 16,795,604 shares, controlling over 16.24% of the firm’s shares. Norges Bank Investment Management is the third largest shareholder in JBGS, holding 9,511,124 shares or 9.20% stake. With a 9.20% stake in JBGS, the Government Pension Fund – Global is the largest stakeholder. A total of 9,511,123 shares are owned by the mutual fund manager. The iShares Core S&P Small Cap ETF, which owns about 6.54% of JBGS stock, is the second-largest Mutual Fund holder. It holds 6,763,580 shares valued at 106.05 million. Vanguard Real Estate Index Fund holds 4.27% of the stake in JBGS, owning 4,419,923 shares worth 69.3 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, JBGS reported revenue of $145.50M and operating income of $5.13M. The EBITDA in the recently reported quarter was $52.99M and diluted EPS was $1.02.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JBGS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JBGS analysts setting a high price target of $18.00 and a low target of $15.00, the average target price over the next 12 months is $16.50. Based on these targets, JBGS could surge 22.03% to reach the target high and rise by 1.69% to reach the target low. Reaching the average price target will result in a growth of 11.86% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded JBGS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 0 while 165,103 shares were sold.