JBG SMITH Properties (NYSE:JBGS) Rating Lowered to Underperform at BMO Capital Markets

JBG SMITH Properties (NYSE:JBGS) was downgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a report issued on Tuesday, MarketBeat Ratings reports. They currently have a $15.00 target price on the stock, down from their prior target price of $18.00. BMO Capital Markets’ price target points to a potential downside of 7.92% from the company’s previous close.

Separately, Evercore ISI upped their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th.

JBG SMITH Properties Stock Performance

NYSE:JBGS opened at $16.29 on Tuesday. The stock’s fifty day moving average is $17.12 and its 200 day moving average is $16.48. JBG SMITH Properties has a fifty-two week low of $13.65 and a fifty-two week high of $18.86. The firm has a market capitalization of $1.38 billion, a PE ratio of -12.53 and a beta of 1.10. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.03. The business had revenue of $136.03 million during the quarter. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%.

Institutional Trading of JBG SMITH Properties

Several hedge funds and other institutional investors have recently modified their holdings of JBGS. Asset Management One Co. Ltd. boosted its holdings in JBG SMITH Properties by 0.6% during the third quarter. Asset Management One Co. Ltd. now owns 121,480 shares of the company’s stock valued at $2,123,000 after purchasing an additional 680 shares in the last quarter. Van ECK Associates Corp raised its position in shares of JBG SMITH Properties by 4.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after acquiring an additional 702 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of JBG SMITH Properties by 30.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after buying an additional 753 shares in the last quarter. Inspire Investing LLC increased its position in shares of JBG SMITH Properties by 4.2% in the 2nd quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock valued at $354,000 after buying an additional 937 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in JBG SMITH Properties by 5.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company’s stock worth $368,000 after purchasing an additional 1,021 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.