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

Key Points

• Evercore ISI has cut the price target for JBG SMITH Properties from $22.00 to $19.00, indicating an "underperform" rating with a potential downside of 8.61% from the current price.
• In recent reports, other analysts have rated the stock as a "Strong Sell," with an average target price dropping to $17.67.
• Despite a recent drop of 2.5% in stock price, JBG SMITH Properties reported earnings that beat analysts' expectations with $0.19 EPS, surpassing a consensus estimate of ($0.54).

JBG SMITH Properties (NYSE:JBGS - Get Free Report) had its price target dropped by investment analysts at Evercore ISI from $22.00 to $19.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "underperform" rating on the stock. Evercore ISI's price objective points to a potential downside of 8.61% from the company's current price.

Other analysts also recently issued reports about the stock. 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. Weiss Ratings reiterated a "sell (d)" rating on shares of JBG SMITH Properties in a research report on Wednesday. Finally, New Street Research set a $19.00 price objective on shares of JBG SMITH Properties in a research report on Thursday. Three investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, JBG SMITH Properties presently has an average rating of "Strong Sell" and an average target price of $17.67.

JBG SMITH Properties Stock Down 2.5%

JBGS traded down $0.53 during trading hours on Thursday, reaching $20.79. 165,982 shares of the stock traded hands, compared to its average volume of 1,154,523. The firm's fifty day simple moving average is $21.63 and its two-hundred day simple moving average is $18.41. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -11.02 and a beta of 1.35. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $24.30. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.54.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $116.76 million.

Insider Activity

In related news, CIO George Laucks Xanders sold 4,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $23.44, for a total value of $93,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven A. Museles sold 1,295 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $23.40, for a total transaction of $30,303.00. The disclosure for this sale can be found here. Insiders sold a total of 29,457 shares of company stock worth $661,800 in the last quarter. 4.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On JBG SMITH Properties

Several hedge funds have recently made changes to their positions in JBGS. Long Pond Capital LP boosted its holdings in shares of JBG SMITH Properties by 6.4% in the 2nd quarter. Long Pond Capital LP now owns 3,834,033 shares of the company's stock valued at $66,329,000 after buying an additional 230,150 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of JBG SMITH Properties by 1.0% during the first quarter. Citigroup Inc. now owns 3,166,389 shares of the company's stock worth $51,011,000 after buying an additional 29,805 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of JBG SMITH Properties by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company's stock worth $37,033,000 after buying an additional 78,737 shares in the last quarter. Private Management Group Inc. increased its position in shares of JBG SMITH Properties by 0.7% in the first quarter. Private Management Group Inc. now owns 1,732,208 shares of the company's stock worth $27,906,000 after purchasing an additional 11,669 shares during the period. Finally, Northern Trust Corp increased its position in shares of JBG SMITH Properties by 1.9% in the first quarter. Northern Trust Corp now owns 1,662,628 shares of the company's stock worth $26,785,000 after purchasing an additional 30,998 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.