JBG SMITH Properties (NYSE:JBGS) Sees Strong Trading Volume – Still a Buy?

JBG SMITH Properties (NYSE:JBGS) shares saw unusually-strong trading volume on Tuesday . Approximately 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.

Wall Street Analyst Weigh In

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

JBG SMITH Properties Stock Up 1.0 %

The company has a market cap of $1.31 billion, a price-to-earnings ratio of -9.57 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. The stock has a 50-day simple moving average of $15.19 and a 200-day simple moving average of $16.19.

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

Institutional Trading of JBG SMITH Properties

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of JBG SMITH Properties by 1.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company’s stock valued at $713,000 after purchasing an additional 662 shares during the period. State of Tennessee Department of Treasury lifted its position in JBG SMITH Properties by 2.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company’s stock worth $653,000 after buying an additional 818 shares in the last quarter. Carmel Capital Partners LLC boosted its stake in shares of JBG SMITH Properties by 3.2% during the 4th quarter. Carmel Capital Partners LLC now owns 27,030 shares of the company’s stock valued at $415,000 after buying an additional 830 shares during the period. Bank of Montreal Can grew its holdings in shares of JBG SMITH Properties by 8.5% during the 4th quarter. Bank of Montreal Can now owns 11,928 shares of the company’s stock valued at $183,000 after acquiring an additional 939 shares in the last quarter. Finally, Meixler Investment Management Ltd. increased its position in JBG SMITH Properties by 6.2% in the 4th quarter. Meixler Investment Management Ltd. now owns 31,458 shares of the company’s stock worth $484,000 after purchasing an additional 1,850 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

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.