Evercore ISI Lowers JBG SMITH Properties (NYSE:JBGS) Price Target to $19.00

JBG SMITH Properties (NYSE:JBGS) had its price objective decreased by Evercore ISI from $22.00 to $19.00 in a report released on Thursday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Evercore ISI’s target price indicates a potential downside of 5.33% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a report on Wednesday. New Street Research set a $19.00 target price on JBG SMITH Properties in a report on Thursday. Finally, Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties has a consensus rating of “Strong Sell” and a consensus price target of $17.67.

JBG SMITH Properties Stock Performance

Shares of NYSE JBGS opened at $20.07 on Thursday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -10.62 and a beta of 1.35. The business’s 50-day simple moving average is $21.60 and its 200-day simple moving average is $18.47. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.73. The business had revenue of $126.48 million for the quarter, compared to analyst estimates of $116.76 million. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%.

Insider Transactions at JBG SMITH Properties

In other JBG SMITH Properties news, insider Steven A. Museles sold 1,295 shares of the firm’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $23.40, for a total value of $30,303.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Angela Valdes sold 10,098 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $21.53, for a total value of $217,409.94. The disclosure for this sale can be found here. Insiders have sold a total of 29,457 shares of company stock worth $661,800 over the last 90 days. Insiders own 4.40% of the company’s stock.

Institutional Trading of JBG SMITH Properties

A number of hedge funds have recently modified their holdings of the company. Corient Private Wealth LLC bought a new stake in shares of JBG SMITH Properties in the 2nd quarter worth approximately $213,000. Squarepoint Ops LLC bought a new stake in shares of JBG SMITH Properties in the 2nd quarter worth approximately $568,000. Tower Research Capital LLC TRC lifted its position in shares of JBG SMITH Properties by 569.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,517 shares of the company’s stock worth $234,000 after acquiring an additional 11,498 shares during the period. State of Tennessee Department of Treasury lifted its position in shares of JBG SMITH Properties by 2.1% during the 2nd quarter. State of Tennessee Department of Treasury now owns 38,993 shares of the company’s stock worth $675,000 after buying an additional 798 shares during the period. Finally, Man Group plc lifted its position in shares of JBG SMITH Properties by 1.4% during the 2nd quarter. Man Group plc now owns 362,600 shares of the company’s stock worth $6,273,000 after buying an additional 5,062 shares during the period. Institutional investors own 98.46% of the company’s stock.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.