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JBG SMITH Properties (JBGS) gets rating Downgrade from Evercore ISI

JBG SMITH Properties’s filing revealed that its Chief Strategy Officer Regan-Levine Evan unloaded Company’s shares for reported $0.13 million on Aug 27 ’24. In the deal valued at $17.38 per share,7,525 shares were sold. As a result of this transaction, Regan-Levine Evan now holds 0 shares worth roughly $0.0.

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Then, Reynolds Kevin sold 20,000 shares, generating $347,200 in total proceeds. Upon selling the shares at $17.36, the Chief Development Officer now owns 9 shares.

Before that, Kevin Reynolds Inter Vivos Irr bought 20,000 shares. JBG SMITH Properties shares valued at $352,400 were divested by the Chief Development Officer at a price of $17.62 per share.

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 Tuesday, JBG SMITH Properties [NYSE:JBGS] saw its stock jump 2.55% to $18.07. Over the last five days, the stock has gained 3.97%. JBG SMITH Properties shares have risen nearly 6.23% since the year began. Nevertheless, the stocks have risen 28.52% over the past one year. While a 52-week high of $18.86 was reached on 09/18/24, a 52-week low of $12.63 was recorded on 05/29/24. SMA at 50 days reached $17.44, while 200 days put it at $16.22.

Levels Of Support And Resistance For JBGS Stock

The 24-hour chart illustrates a support level at 17.64, which if violated will result in even more drops to 17.22. On the upside, there is a resistance level at 18.40. A further resistance level may holdings at 18.74. The Relative Strength Index (RSI) on the 14-day chart is 63.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.43%. Stochastics %K at 54.16% 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 2024-09-30, dropping by -0.81 million shares to a total of 6.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.45 million shares. There was a decline of -12.24%, which implies that there is a negative sentiment for the stock.

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.

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