Evercore ISI Has Lowered Expectations for JBG SMITH Properties (NYSE:JBGS) Stock Price

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 - Free Report) had its price target lowered by Evercore ISI from $20.00 to $19.00 in a research report released on Monday,Benzinga reports. The brokerage currently has an underperform rating on the stock.

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

JBG SMITH Properties Stock Up 0.6%

Shares of JBGS stock traded up $0.13 during trading hours on Monday, hitting $23.49. 902,240 shares of the company were exchanged, compared to its average volume of 942,186. The business has a 50 day moving average of $20.19 and a two-hundred day moving average of $17.47. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 1.88. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $23.67. The company has a market capitalization of $1.45 billion, a PE ratio of -12.43 and a beta of 1.33.

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 (EPS) 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 the consensus estimate of $116.76 million.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were paid a $0.175 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.0%. JBG SMITH Properties's dividend payout ratio (DPR) is currently -37.04%.

Insider Buying and Selling at JBG SMITH Properties

In other news, CIO George Laucks Xanders sold 5,600 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $21.57, for a total transaction of $120,792.00. Following the completion of the sale, the executive owned 2,750 shares in the company, valued at approximately $59,317.50. This trade represents a 67.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Angela Valdes sold 10,098 shares of the firm's stock in a transaction dated 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. Insiders sold a total of 16,993 shares of company stock worth $368,505 over the last quarter. 4.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JBG SMITH Properties

Hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in JBG SMITH Properties by 1,052.9% in the 1st 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 period. Versant Capital Management Inc increased its holdings in JBG SMITH Properties by 113.7% in the 1st 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 period. EverSource Wealth Advisors LLC grew its holdings in shares of JBG SMITH Properties by 113.6% during the 2nd 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 during the last quarter. US Bancorp DE grew its holdings in shares of JBG SMITH Properties by 123.6% during the 1st 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 during the last quarter. Finally, MAI Capital Management grew its holdings in shares of JBG SMITH Properties by 103.5% during the 1st 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 during the last quarter. 98.46% of the stock is owned by 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.