JBG SMITH Properties (NYSE:JBGS) Price Target Cut to $19.00 by Analysts at Evercore ISI

Key Points

• Analysts at Evercore ISI have cut the price target for JBG SMITH Properties from $20.00 to $19.00, indicating a potential downside of 16.20% from its current price.
• Despite the downgrade, another firm, Wall Street Zen, has upgraded the stock from a "sell" to a "hold" rating, reflecting differing opinions on the stock's future performance.
• The company reported a better-than-expected earnings per share of $0.19 for the last quarter, surpassing analyst expectations by $0.73.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) had its price objective lowered by equities research analysts at Evercore ISI from $20.00 to $19.00 in a report released on Monday,Benzinga reports. The firm presently has an "underperform" rating on the stock. Evercore ISI's target price would indicate a potential downside of 16.20% from the stock's current price.

Separately, Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties has a consensus rating of "Sell" and a consensus target price of $17.00.

JBG SMITH Properties Trading Up 3.2%

JBGS opened at $22.67 on Monday. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $22.76. 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 company has a fifty day moving average of $19.57 and a 200-day moving average of $17.22. The stock has a market cap of $1.40 billion, a PE ratio of -12.00 and a beta of 1.33.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted 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 company had revenue of $126.48 million during the quarter, compared to analysts' expectations of $116.76 million.

Insiders Place Their Bets

In other JBG SMITH Properties news, CIO George Laucks Xanders sold 5,600 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.57, for a total value of $120,792.00. Following the completion of the sale, the executive directly owned 2,750 shares in the company, valued at approximately $59,317.50. This trade represents a 67.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Angela Valdes sold 10,098 shares of the firm's stock in a transaction on Thursday, July 31st. The stock was 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. Company insiders own 4.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in JBGS. Farther Finance Advisors LLC grew its holdings in shares of JBG SMITH Properties by 1,052.9% during the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock valued at $42,000 after buying an additional 2,390 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of JBG SMITH Properties by 113.7% during the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after buying an additional 1,795 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of JBG SMITH Properties by 113.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company's stock valued at $57,000 after buying an additional 1,741 shares during the last quarter. US Bancorp DE grew its holdings in shares of JBG SMITH Properties by 123.6% during the first quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after buying an additional 2,093 shares during the last quarter. Finally, MAI Capital Management grew its holdings in shares of JBG SMITH Properties by 103.5% during the first quarter. MAI Capital Management now owns 4,184 shares of the company's stock valued at $67,000 after buying an additional 2,128 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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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