An Analysis of JBG SMITH Properties (JBGS)’s Potential Price Growth

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ZOM Stock

JBG SMITH Properties’s filing revealed that its Chief Financial Officer Banerjee Madhumita Moina unloaded Company’s shares for reported $0.76 million on Feb 23. In the deal valued at $18.14 per share,41,751 shares were sold. As a result of this transaction, Banerjee Madhumita Moina now holds 0 shares worth roughly $ 0.0.

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Then, Paul David Peter sold 562 shares, generating $11,201 in total proceeds. Upon selling the shares at $19.93, the Pres. & Chief Operating Off. now owns 1,160 shares.

Before that, Stewart Robert Alexander sold 38,591 shares. JBG SMITH Properties shares valued at $752,524 were divested by the Director at a price of $19.50 per share. As a result of the transaction, Stewart Robert Alexander now holds 0 shares, worth roughly $0.0.

BMO Capital Markets downgraded its JBG SMITH Properties [JBGS] rating to a Market perform from a an Outperform in a research note published on Friday, May 31, 2022; the price target was decreased to $30 from $38. PT values the company’s stock at a premium of 40.63 to its Friday closing price. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late May from “an Outperform” to “a Peer perform”. Wolfe Research began covering JBGS with “an Outperform” recommendation on January 05, 2022. BMO Capital Markets started covering the stock on July 12, 2021. It rated JBGS as “an Outperform”.

Price Performance Review of JBGS

On Friday, JBG SMITH Properties [NYSE:JBGS] saw its stock fall -3.05% to $17.81. On the same session, the stock had its day’s lowest price of $17.80, but rose to a high of $18.09. Over the last five days, the stock has lost -6.41%. JBG SMITH Properties shares have fallen nearly -6.16% since the year began. Nevertheless, the stocks have fallen -31.47% over the past one year. While a 52-week high of $30.10 was reached on 02/02/23, a 52-week low of $17.39 was recorded on 02/24/23. SMA at 50 days reached $19.35, while 200 days put it at $21.47. A total of 0.78 million shares were traded, compared to the trading of 1.19 million shares in the previous session.

Levels Of Support And Resistance For JBGS Stock

The 24-hour chart illustrates a support level at 17.71, which if violated will result in even more drops to 17.61. On the upside, there is a resistance level at 18.00. A further resistance level may holdings at 18.19. The Relative Strength Index (RSI) on the 14-day chart is 31.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.58%. Stochastics %K at 7.35% indicates the stock is a buying.

How much short interest is there in JBG SMITH Properties?

A steep rise in short interest was recorded in JBG SMITH Properties stocks on Jan 30, 2023, growing by 0.21 million shares to a total of 5.73 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 5.52 million shares. There was a rise of 3.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.42% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.76.

JBG SMITH Properties [JBGS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 15,602,084 shares, or roughly 13.71% of the outstanding JBGS shares. In other words, the investor’s shares have fallen by -497,587 from its previous 13-F filing of 16099671.0. Additionally, BlackRock Fund Advisors decreased -5.23% of its stake after which the total value it holdings stand at $197,801,647, while Norges Bank Investment Management reduced -18.81% of its stake to hold $191.55 million in the firm. Over the last quarter, Long Pond Capital LP sold -98,484 shares of JBG SMITH Properties, while SSgA Funds Management, Inc. sold 71,999 shares. At present, T. Rowe Price Investment Manageme is holding 5,714,605 shares valued at $115.09 million. JPMorgan Investment Management, I owned 5,214,427 shares of the company at the time of its most recent 13F filing, worth $105.02 million.

According to FactSet, JBG SMITH Properties’s share price will average $21.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 17.04 percent from its previous closing price of $18.37. Analysts expect JBG SMITH Properties stock to reach the higher price of $22.00, while the lowest price estimate is $21.00. However, 3 analysts have rated JBGS stock as a Hold in their predictions for 2023. The most recent change occurred on December 17, 2019 when Evercore ISI began covering the stock and recommended ‘”an In-line”‘ rating.


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