Aspire Biopharma faces potential Nasdaq delisting after compliance shortfall
Investing.com - Evercore ISI has raised its price target on JBG SMITH Properties (NYSE:JBGS) to $22.00 from $19.00 while maintaining an Underperform rating on the stock. The company’s shares are currently trading near their 52-week high of $23.67, having delivered an impressive 64% return over the past six months, according to InvestingPro data.
The firm adjusted its price target calculation to give more weight to forward Net Asset Value (NAV), which now accounts for 70% of the valuation, while reducing the weight of AFFO (Adjusted Funds From Operations) and DCF (Discounted Cash Flow) to a combined 30%.
Evercore ISI made modest changes to its NAV calculation for JBG SMITH Properties , resulting in the $3 increase to the price target, despite maintaining its negative outlook on the stock.
With JBGS currently trading above $23 per share, Evercore ISI believes the company will be less aggressive in repurchasing its own stock through asset sales.
The research firm acknowledged that the stock has performed better than expected despite slow leasing activity and a drop in FFO (Funds From Operations) estimates.
In other recent news, JBG SMITH announced a quarterly dividend of $0.175 per common share, with the payment set for August 21, 2025, to shareholders recorded by August 7, 2025. This declaration reflects the company’s ongoing commitment to providing returns to its investors. Additionally, JBG SMITH has expanded its portfolio by acquiring the Tysons Dulles Plaza, a substantial 15-acre office campus in Tysons, Virginia. The property encompasses approximately 500,000 square feet of office space and includes 1,553 parking spaces. The acquisition positions JBG SMITH strategically within Northern Virginia’s business district, close to the Spring Hill Metro station and Route 267. These recent developments highlight JBG SMITH’s active engagement in expanding its real estate assets while continuing to reward its shareholders through dividends.
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