JBG SMITH Properties’s recently made public that its Director Stewart Robert Alexander acquired Company’s shares for reported $0.51 million on Mar 01 ’24. In the deal valued at $16.87 per share,30,000 shares were bought. As a result of this transaction, Stewart Robert Alexander now holds 30,000 shares worth roughly $0.48 million.
Then, Banerjee Madhumita Moina sold 16,901 shares, generating $287,317 in total proceeds. Upon selling the shares at $17.00, the Chief Financial Officer now owns 0 shares.
Before that, Valdes Angela sold 2,000 shares. JBG SMITH Properties shares valued at $35,700 were divested by the Chief Accounting Officer at a price of $17.85 per share. As a result of the transaction, Valdes Angela now holds 10,098 shares, worth roughly $0.16 million.
Evercore ISI downgraded its JBG SMITH Properties [JBGS] rating to an Underperform from a an In-line in a research note published on August 17, 2023; the price target was decreased to $15 from $16. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in late May from “an Outperform” to “a Market perform”. Wolfe Research also remained covering JBGS and has decreased its forecast on May 23, 2022 with a “Peer perform” recommendation from previously “an Outperform” rating. Wolfe Research started covering the stock on January 05, 2022. It rated JBGS as “an Outperform”.
Price Performance Review of JBGS
On Monday, JBG SMITH Properties [NYSE:JBGS] saw its stock jump 3.26% to $15.86. Over the last five days, the stock has gained 2.39%. JBG SMITH Properties shares have fallen nearly -6.76% since the year began. Nevertheless, the stocks have risen 8.04% over the past one year. While a 52-week high of $18.17 was reached on 03/08/24, a 52-week low of $12.63 was recorded on 04/02/24. SMA at 50 days reached $16.45, while 200 days put it at $15.52. A total of 0.62 million shares were traded, compared to the trading of 0.83 million shares in the previous session.
Levels Of Support And Resistance For JBGS Stock
The 24-hour chart illustrates a support level at 15.58, which if violated will result in even more drops to 15.30. On the upside, there is a resistance level at 16.07. A further resistance level may holdings at 16.29. The Relative Strength Index (RSI) on the 14-day chart is 44.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.70%. Stochastics %K at 26.78% indicates the stock is a holding.
How much short interest is there in JBG SMITH Properties?
A steep rise in short interest was recorded in JBG SMITH Properties stocks on Mar 15, 2024, growing by 0.32 million shares to a total of 7.26 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.94 million shares. There was a rise of 4.41%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.50% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.
The most recent change occurred on July 12, 2021 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $40 price target.
