JBG SMITH Properties (NYSE:JBGS) Given New $14.50 Price Target at Evercore ISI

JBG SMITH Properties (NYSE:JBGS - Get Free Report) had its price target cut by stock analysts at Evercore ISI from $16.00 to $14.50 in a research note issued on Wednesday, Benzinga reports. The firm currently has an "underperform" rating on the stock. Evercore ISI's target price would suggest a potential downside of 4.92% from the stock's previous close.

JBG SMITH Properties Trading Down 5.6 %

JBGS traded down $0.91 during midday trading on Wednesday, hitting $15.25. 1,626,718 shares of the company were exchanged, compared to its average volume of 1,090,881. The firm's 50 day moving average price is $16.42 and its 200-day moving average price is $15.57. JBG SMITH Properties has a 1-year low of $12.63 and a 1-year high of $18.17. The firm has a market capitalization of $1.40 billion, a P/E ratio of -18.10 and a beta of 1.07. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 1.14.

Institutional Investors Weigh In On JBG SMITH Properties

A number of institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. boosted its position in shares of JBG SMITH Properties by 127.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,786 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in JBG SMITH Properties by 817.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company's stock worth $43,000 after buying an additional 2,061 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in JBG SMITH Properties by 65.7% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,117 shares of the company's stock worth $92,000 after acquiring an additional 2,426 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in JBG SMITH Properties by 272.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,807 shares of the company's stock valued at $98,000 after acquiring an additional 4,981 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of JBG SMITH Properties by 82.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,870 shares of the company's stock valued at $100,000 after acquiring an additional 2,656 shares in the last quarter. 98.46% of the stock is owned by institutional investors.

About JBG SMITH Properties

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.