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

BMO Capital Markets downgraded shares of JBG SMITH Properties (NYSE:JBGS) from a market perform rating to an underperform rating in a report issued on Tuesday morning, Marketbeat Ratings reports. BMO Capital Markets currently has $15.00 target price on the stock, down from their prior target price of $18.00.

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

JBG SMITH Properties Price Performance

JBGS stock opened at $16.42 on Tuesday. The firm has a market cap of $1.39 billion, a P/E ratio of -12.63 and a beta of 1.10. The firm’s fifty day moving average is $17.14 and its 200 day moving average is $16.48. JBG SMITH Properties has a 52 week low of $13.65 and a 52 week high of $18.86. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87.

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

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio (DPR) is -53.85%.

Institutional Trading of JBG SMITH Properties

Several large investors have recently modified their holdings of JBGS. Blue Trust Inc. lifted its holdings in JBG SMITH Properties by 706.3% in the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock worth $33,000 after buying an additional 1,674 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock worth $57,000 after acquiring an additional 753 shares during the period. Bfsg LLC boosted its holdings in JBG SMITH Properties by 9.5% in the second quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after acquiring an additional 1,102 shares in the last quarter. Wolverine Trading LLC purchased a new position in JBG SMITH Properties during the 3rd quarter valued at $239,000. Finally, Verition Fund Management LLC purchased a new position in JBG SMITH Properties during the 3rd quarter valued at $268,000. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Company Profile

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.