Shares of JBG SMITH Properties (NYSE:JBGS) rose 6.9% during trading on Tuesday . The stock traded as high as $26.60 and last traded at $26.46, approximately 1,281,900 shares traded hands during mid-day trading. An increase of 82% from the average daily volume of 703,549 shares. The stock had previously closed at $24.76.
JBGS has been the topic of several research reports. Evercore ISI initiated coverage on shares of JBG SMITH Properties in a research report on Monday, December 16th. They issued an “in-line” rating on the stock. TheStreet raised shares of JBG SMITH Properties from a “d+” rating to a “c” rating in a research report on Monday, February 10th. Finally, Zacks Investment Research raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, March 10th. Four analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $43.50.
The firm’s 50-day moving average price is $37.10 and its 200-day moving average price is $39.02. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.48. The company has a market cap of $3.34 billion, a P/E ratio of 58.79, a price-to-earnings-growth ratio of 4.29 and a beta of 0.73.
JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, February 25th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.13). JBG SMITH Properties had a net margin of 10.12% and a return on equity of 1.98%. The business had revenue of $164.88 million during the quarter, compared to the consensus estimate of $135.80 million. During the same period last year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, analysts forecast that JBG SMITH Properties will post 1.77 earnings per share for the current year.
In other news, Director Charles E. Haldeman bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were acquired at an average price of $29.59 per share, with a total value of $295,900.00. Following the acquisition, the director now owns 75,000 shares of the company’s stock, valued at approximately $2,219,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Robert Alexander Stewart sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $28.94, for a total transaction of $2,894,000.00. The disclosure for this sale can be found here. Insiders own 8.25% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can increased its holdings in JBG SMITH Properties by 2.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 137,609 shares of the company’s stock worth $5,447,000 after acquiring an additional 2,700 shares during the period. State of Michigan Retirement System grew its stake in JBG SMITH Properties by 1.5% in the 4th quarter. State of Michigan Retirement System now owns 34,725 shares of the company’s stock worth $1,385,000 after buying an additional 500 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in JBG SMITH Properties by 21.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 82,440 shares of the company’s stock worth $3,289,000 after buying an additional 14,825 shares in the last quarter. Pictet Asset Management Ltd. grew its stake in JBG SMITH Properties by 11.9% in the 3rd quarter. Pictet Asset Management Ltd. now owns 25,400 shares of the company’s stock worth $996,000 after buying an additional 2,700 shares in the last quarter. Finally, Barclays PLC grew its stake in JBG SMITH Properties by 18.8% in the 3rd quarter. Barclays PLC now owns 227,744 shares of the company’s stock worth $8,930,000 after buying an additional 35,998 shares in the last quarter. 92.78% of the stock is currently owned by institutional investors and hedge funds.
JBG SMITH Properties Company Profile (NYSE:JBGS)
JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.
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