JBG SMITH Properties (NYSE:JBGS) Price Target Raised to $17.00 at Evercore ISI

JBG SMITH Properties (NYSE:JBGS) had its price target hoisted by analysts at Evercore ISI from $16.00 to $17.00 in a report issued on Monday, Benzinga reports. The brokerage presently has an “underperform” rating on the stock. Evercore ISI’s target price suggests a potential downside of 7.88% from the company’s current price.

JBG SMITH Properties Price Performance

JBG SMITH Properties stock opened at $18.46 on Monday. The stock has a market capitalization of $1.63 billion, a P/E ratio of -13.28 and a beta of 1.10. The company’s fifty day moving average price is $16.96 and its 200 day moving average price is $15.87. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 3.88. JBG SMITH Properties has a 1 year low of $12.63 and a 1 year high of $18.73.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. JBG SMITH Properties had a negative net margin of 25.40% and a negative return on equity of 6.64%. The business had revenue of $135.32 million for the quarter.

Institutional Trading of JBG SMITH Properties

Several large investors have recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in JBG SMITH Properties by 289.8% during the 4th quarter. Victory Capital Management Inc. now owns 64,341 shares of the company’s stock worth $1,094,000 after purchasing an additional 47,835 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of JBG SMITH Properties by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,947,011 shares of the company’s stock worth $33,119,000 after buying an additional 22,776 shares in the last quarter. Norges Bank acquired a new position in JBG SMITH Properties during the fourth quarter worth about $102,535,000. Quest Partners LLC purchased a new stake in JBG SMITH Properties during the 4th quarter valued at about $186,000. Finally, Hsbc Holdings PLC raised its holdings in JBG SMITH Properties by 5.6% in the 4th quarter. Hsbc Holdings PLC now owns 61,263 shares of the company’s stock valued at $1,042,000 after acquiring an additional 3,270 shares during the last quarter. 98.46% of the stock is currently owned by hedge funds and other 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.