The DividendRank method at Dividend Channel ranks a protection universe of 1000’s of dividend shares, in line with a proprietary method designed to establish these shares that mix two necessary traits — sturdy fundamentals and a valuation that appears cheap. JBG SMITH Properties (Image: JBGS) presently has an above common rank, within the high 50% of the protection universe, which suggests it’s among the many high most “attention-grabbing” concepts that advantage additional analysis by buyers.
However making JBG SMITH Properties an much more attention-grabbing and well timed inventory to take a look at, is the truth that in buying and selling on Friday, shares of JBGS entered into oversold territory, altering palms as little as $16.83 per share. We outline oversold territory utilizing the Relative Power Index, or RSI, which is a technical evaluation indicator used to measure momentum on a scale of zero to 100. A inventory is taken into account to be oversold if the RSI studying falls beneath 30.
Within the case of JBG SMITH Properties, the RSI studying has hit 29.4 — by comparability, the universe of dividend shares coated by Dividend Channel at present has a mean RSI of 46.0. A falling inventory value — all else being equal — creates a greater alternative for dividend buyers to seize the next yield. Certainly, JBGS’s current annualized dividend of 0.7/share (at present paid in quarterly installments) works out to an annual yield of 4.12% based mostly upon the current $17.00 share value.
A bullish investor might have a look at JBGS’s 29.4 RSI studying at this time as an indication that the current heavy promoting is within the means of exhausting itself, and start to search for entry level alternatives on the purchase aspect. Among the many basic datapoints dividend buyers ought to examine to resolve if they’re bullish on JBGS is its dividend historical past.
Typically, dividends should not all the time predictable; however, trying on the historical past chart beneath will help in judging whether or not the newest dividend is more likely to proceed.
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
