JBG SMITH Properties (NYSE:JBGS) Sees Large Volume Increase – Should You Buy?

JBG SMITH Properties (NYSE:JBGS) shares saw an uptick in trading volume on Monday . 3,221,728 shares changed hands during mid-day trading, an increase of 261% from the previous session’s volume of 891,846 shares.The stock last traded at $16.13 and had previously closed at $15.92.

Analyst Ratings Changes

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

JBG SMITH Properties Trading Up 1.4 %

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 firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -9.67 and a beta of 1.12. The firm’s 50 day moving average is $15.21 and its 200 day moving average is $16.17.

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

Hedge Funds Weigh In On JBG SMITH Properties

A number of institutional investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its holdings in shares of JBG SMITH Properties by 814.6% in 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 during the period. KBC Group NV lifted its position in shares of JBG SMITH Properties by 64.9% in the 4th quarter. KBC Group NV now owns 5,677 shares of the company’s stock valued at $87,000 after acquiring an additional 2,234 shares in the last quarter. State of Wyoming acquired a new position in JBG SMITH Properties in the 4th quarter worth approximately $98,000. Yoffe Investment Management LLC purchased a new position in JBG SMITH Properties during the 4th quarter worth approximately $169,000. Finally, Bank of Montreal Can raised its stake in 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 purchasing an additional 939 shares during the period. Hedge funds and other 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.