JBG SMITH Properties' (JBGS) Sell (D) Rating Reiterated at Weiss Ratings

Key Points

• JBG SMITH Properties has had its "sell (d)" rating reiterated by Weiss Ratings, with a consensus rating of "Strong Sell" and an average target price of $17.00.
• The company reported a quarterly earnings per share of $0.19, significantly exceeding analysts' expectations of ($0.54), while revenues reached $126.48 million.
• Institutional investors have shown increased interest, with significant increases in holdings by firms like Farther Finance Advisors LLC and EverSource Wealth Advisors LLC in recent quarters.

JBG SMITH Properties (NYSE:JBGS - Get Free Report)'s stock had its "sell (d)" rating reissued by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently commented on JBGS. Evercore ISI restated an "underperform" rating on shares of JBG SMITH Properties in a research note on Monday, September 15th. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Three equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of "Strong Sell" and an average target price of $17.00.

JBG SMITH Properties Price Performance

Shares of NYSE:JBGS opened at $21.30 on Wednesday. The firm's 50 day moving average price is $21.63 and its 200-day moving average price is $18.41. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $24.30. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $1.31 billion, a PE ratio of -11.27 and a beta of 1.35.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.73. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%. The firm had revenue of $126.48 million for the quarter, compared to analysts' expectations of $116.76 million.

Insider Activity at JBG SMITH Properties

In other news, CIO George Laucks Xanders sold 4,000 shares of JBG SMITH Properties stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $23.44, for a total transaction of $93,760.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Angela Valdes sold 10,098 shares of JBG SMITH Properties stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total transaction of $217,409.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,457 shares of company stock worth $661,800. 4.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its holdings in shares of JBG SMITH Properties by 1,052.9% in the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock valued at $42,000 after purchasing an additional 2,390 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of JBG SMITH Properties by 113.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company's stock valued at $57,000 after purchasing an additional 1,741 shares in the last quarter. US Bancorp DE grew its holdings in shares of JBG SMITH Properties by 123.6% in the first quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after purchasing an additional 2,093 shares in the last quarter. MAI Capital Management grew its holdings in shares of JBG SMITH Properties by 103.5% in the first quarter. MAI Capital Management now owns 4,184 shares of the company's stock valued at $67,000 after purchasing an additional 2,128 shares in the last quarter. Finally, Manchester Capital Management LLC purchased a new position in shares of JBG SMITH Properties in the second quarter valued at $96,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

About JBG SMITH Properties

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.

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