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

BMO Capital Markets lowered shares of JBG SMITH Properties (NYSE:JBGS) from a market perform rating to an underperform rating in a research note issued to investors on Tuesday morning, MarketBeat.com reports. They currently have $15.00 price objective on the stock, down from their previous price objective of $18.00.

Separately, Evercore ISI increased their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS opened at $16.42 on Tuesday. 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 has a fifty-two week low of $13.65 and a fifty-two week high of $18.86. The stock has a market cap of $1.39 billion, a PE ratio of -12.63 and a beta of 1.10. The stock has a fifty day moving average of $17.14 and a 200-day moving average of $16.48.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share 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 business had revenue of $136.03 million during the quarter.

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.70 annualized dividend and a dividend yield of 4.26%. JBG SMITH Properties’s payout ratio is currently -53.85%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Franklin Resources Inc. bought a new stake in JBG SMITH Properties during the third quarter valued at approximately $500,000. Public Employees Retirement System of Ohio raised its position in shares of JBG SMITH Properties by 4.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 126,812 shares of the company’s stock valued at $2,217,000 after buying an additional 5,043 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of JBG SMITH Properties by 3.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,200 shares of the company’s stock worth $1,944,000 after acquiring an additional 3,300 shares during the last quarter. Jane Street Group LLC grew its position in JBG SMITH Properties by 33.4% in the third quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock worth $6,275,000 after acquiring an additional 89,812 shares in the last quarter. Finally, Wolverine Trading LLC bought a new position in JBG SMITH Properties in the third quarter valued at $239,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

About JBG SMITH Properties

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.