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

JBG SMITH Properties (NYSE:JBGS) shares saw an uptick in trading volume on Tuesday . 1,265,224 shares were traded during 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.

Analyst Upgrades and Downgrades

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

JBG SMITH Properties Price Performance

The company’s 50-day moving average is $15.17 and its 200-day moving average is $16.21. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -9.36 and a beta of 1.12. The company has a current ratio of 3.73, a quick ratio of 3.87 and a debt-to-equity ratio of 1.42.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results 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. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%. The firm had revenue of $108.43 million during the quarter, compared to analysts’ expectations of $116.31 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in shares of JBG SMITH Properties by 814.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company’s stock worth $40,000 after buying an additional 2,289 shares in the last quarter. KBC Group NV increased its holdings in JBG SMITH Properties by 64.9% in the 4th quarter. KBC Group NV now owns 5,677 shares of the company’s stock worth $87,000 after purchasing an additional 2,234 shares in the last quarter. State of Wyoming bought a new position in JBG SMITH Properties in the fourth quarter valued at about $98,000. Yoffe Investment Management LLC acquired a new stake in shares of JBG SMITH Properties during the fourth quarter valued at about $169,000. Finally, Bank of Montreal Can increased its stake in shares of JBG SMITH Properties by 8.5% in the fourth quarter. Bank of Montreal Can now owns 11,928 shares of the company’s stock valued at $183,000 after buying an additional 939 shares during the period. Institutional investors own 98.46% of the company’s stock.

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.