JBG SMITH Properties (NYSE:JBGS) Sees Strong Trading Volume – Time to Buy?

JBG SMITH Properties (NYSE:JBGS) shares saw unusually-high trading volume on Tuesday . Approximately 1,265,224 shares were traded during mid-day trading, an increase of 65% from the previous session’s volume of 765,221 shares.The stock last traded at $15.87 and had previously closed at $15.87.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut JBG SMITH Properties from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Price Performance

The firm has a market cap of $1.28 billion, a P/E ratio of -9.36 and a beta of 1.12. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average is $15.17 and its two-hundred day moving average is $16.21.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings data on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.52. The firm had revenue of $108.43 million during the quarter, compared to analyst estimates of $116.31 million. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC lifted its position in shares of JBG SMITH Properties by 7.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,299,260 shares of the company’s stock worth $35,340,000 after buying an additional 167,191 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in JBG SMITH Properties by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,220,008 shares of the company’s stock valued at $34,122,000 after acquiring an additional 45,514 shares during the period. Northern Trust Corp lifted its holdings in JBG SMITH Properties by 75.8% during the fourth quarter. Northern Trust Corp now owns 1,631,630 shares of the company’s stock valued at $25,078,000 after purchasing an additional 703,538 shares during the last quarter. Natixis boosted its position in JBG SMITH Properties by 0.9% during the fourth quarter. Natixis now owns 1,008,840 shares of the company’s stock worth $15,506,000 after purchasing an additional 8,840 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of JBG SMITH Properties by 12.6% in the fourth quarter. JPMorgan Chase & Co. now owns 741,071 shares of the company’s stock worth $11,390,000 after purchasing an additional 82,779 shares in the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Company Profile

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.