JBG SMITH Properties [JBGS] Chief Investment Officer makes an insider purchase of 7,000 shares worth 0.16 million.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. JBG SMITH Properties shares valued at $156,660 were sold by Xanders George Laucks on Sep 09. At $22.38 per share, Xanders George Laucks sold 7,000 shares. The insider’s holdings dropped to 8,350 shares worth approximately $0.17 million following the completion of this transaction.

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Also, ESTES SCOTT A purchased 10,000 shares, netting a total of over 231,500 in proceeds. Following the buying of shares at $23.15 each, the insider now holds 50,000 shares.

Before that, Banerjee Madhumita Moina had sold 26,000 shares from its account. In a trade valued at $622,700, the Chief Financial Officer traded JBG SMITH Properties shares for $23.95 each. Upon closing the transaction, the insider’s holdings decreased to 26,000 shares, worth approximately $81920.0.

As published in a research note from BMO Capital Markets on May 31, 2022, JBG SMITH Properties [JBGS] has been rated down from an Outperform to a Market perform and the price target has been revised to $30 from $38. This represents a 31.73% premium over Wednesday’s closing price. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in late May. As of January 05, 2022, Wolfe Research has initiated its “an Outperform” rating for JBGS. Earlier on July 12, 2021, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for JBGS stock.

Analyzing JBGS’s Price Performance

On Wednesday, JBG SMITH Properties [NYSE: JBGS] plunged -3.80% to $20.48. The stock’s lowest price that day was $20.48, but it reached a high of $21.50 in the same session. During the last five days, there has been a drop of approximately -5.45%. Over the course of the year, JBG SMITH Properties shares have dropped approximately -28.67%. Shares of the company reached a 52-week high of $31.09 on 01/07/22 and a 52-week low of $20.48 on 09/21/22. A 50-day SMA is recorded $23.30, while a 200-day SMA reached $26.12. Nevertheless, trading volume fell to 1.02 million shares from 1.04 million shares the previous day.

Support And Resistance Levels for JBG SMITH Properties (JBGS)

According to the 24-hour chart, there is a support level at 20.14, which, if violated, would cause prices to drop to 19.80. In the upper region, resistance lies at 21.16. The next price resistance is at 21.84. RSI (Relative Strength Index) is 29.34 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is JBG SMITH Properties subject to short interest?

Stocks of JBG SMITH Properties saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.34 million shares to 3.53 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 3.87 million shares. A decline of -9.63% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.28 of the overall float, the days-to-cover ratio (short ratio) decline to 3.28.

Which companies own the most shares of JBG SMITH Properties (JBGS)?

According to The Vanguard Group, Inc. filings, the company currently owns 17,014,157 shares, which is about 14.87% of the total JBGS shares outstanding. The investor’s shares have plunged by -140,431 from its previous 13-F filing of 17154588.0 shares. BlackRock Fund Advisors reduced a -2.61% interest valued at $227.68 million while Long Pond Capital LP purchased a 349,635 stake. A total of -314,837 shares of JBG SMITH Properties were bought by SSgA Funds Management, Inc. during the quarter, and 375,520 were bought by JPMorgan Investment Management, I. In its current portfolio, T. Rowe Price Associates, Inc. holds 4,444,265 shares valued at $97.64 million.

In terms of JBG SMITH Properties share price expectations, FactSet research, analysts set an average price target of $25.00 in the next 12 months, up nearly 17.43% from the previous closing price of $21.29. Analysts anticipate JBG SMITH Properties stock to reach $26.00 by 2022, with the lowest price target being $24.00. In spite of this, 3 analysts ranked JBG SMITH Properties stock as a Hold at the end of 2022.


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