JBG SMITH Properties (NYSE:JBGS) Downgraded by BMO Capital Markets to Underperform

JBG SMITH Properties (NYSE:JBGS) was downgraded by analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports.

Separately, Evercore ISI raised their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, September 16th.

JBG SMITH Properties Price Performance

Shares of JBGS opened at $16.75 on Tuesday. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. The firm’s fifty day simple moving average is $17.18 and its 200-day simple moving average is $16.47. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -12.88 and a beta of 1.10. JBG SMITH Properties has a twelve month low of $13.65 and a twelve month high of $18.86.

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

Institutional Trading of JBG SMITH Properties

Several large investors have recently modified their holdings of JBGS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in JBG SMITH Properties by 430.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock worth $10,712,000 after acquiring an additional 497,288 shares in the last quarter. Private Management Group Inc. lifted its position in JBG SMITH Properties by 28.8% during the 2nd quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock worth $30,859,000 after buying an additional 452,901 shares in the last quarter. Quest Partners LLC lifted its stake in shares of JBG SMITH Properties by 1,003.3% during the 2nd quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock worth $2,432,000 after buying an additional 145,194 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in JBG SMITH Properties by 6.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock worth $35,941,000 after purchasing an additional 141,802 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of JBG SMITH Properties by 1,178.0% during the second quarter. SG Americas Securities LLC now owns 152,496 shares of the company’s stock worth $2,323,000 after purchasing an additional 140,564 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

About JBG SMITH Properties

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.