JBG SMITH Properties (NYSE:JBGS) Downgraded by Wall Street Zen to Sell

JBG SMITH Properties (NYSE:JBGS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other equities research analysts also recently weighed in on JBGS. New Street Research set a $19.00 price objective on shares of JBG SMITH Properties in a research report on Thursday, October 9th. Evercore ISI lowered their price objective on shares of JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating for the company in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Sell rating, According to MarketBeat.com, JBG SMITH Properties has an average rating of “Strong Sell” and an average target price of $17.67.

JBG SMITH Properties Price Performance

Shares of NYSE:JBGS opened at $19.50 on Friday. The company has a quick ratio of 3.54, a current ratio of 3.67 and a debt-to-equity ratio of 2.06. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $24.30. The firm has a 50-day simple moving average of $21.76 and a 200 day simple moving average of $19.03. The company has a market cap of $1.15 billion, a PE ratio of -9.51 and a beta of 1.35.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.49) by $0.64. JBG SMITH Properties had a negative net margin of 30.57% and a negative return on equity of 10.41%. The business had revenue of $123.87 million during the quarter, compared to the consensus estimate of $120.57 million.

Insiders Place Their Bets

In other news, insider Evan Regan-Levine sold 5,714 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $23.62, for a total value of $134,964.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Steven A. Museles sold 16,253 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $19.58, for a total transaction of $318,233.74. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 45,015 shares of company stock worth $933,040. Insiders own 4.40% of the company’s stock.

Institutional Trading of JBG SMITH Properties

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of JBG SMITH Properties by 65.1% in the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock worth $29,000 after acquiring an additional 510 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of JBG SMITH Properties by 20.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,289 shares of the company’s stock worth $73,000 after acquiring an additional 569 shares during the period. Teacher Retirement System of Texas lifted its stake in shares of JBG SMITH Properties by 6.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 12,461 shares of the company’s stock worth $216,000 after acquiring an additional 710 shares during the period. MAI Capital Management lifted its stake in shares of JBG SMITH Properties by 17.1% in the 2nd quarter. MAI Capital Management now owns 4,901 shares of the company’s stock worth $85,000 after acquiring an additional 717 shares during the period. Finally, Aberdeen Group plc lifted its stake in shares of JBG SMITH Properties by 3.6% in the 1st quarter. Aberdeen Group plc now owns 22,285 shares of the company’s stock worth $359,000 after acquiring an additional 777 shares during the period. 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.