JBG SMITH Properties (NYSE:JBGS) Trading 6.9% Higher

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JBG SMITH Properties (NYSE:JBGS)’s share price traded up 6.9% during mid-day trading on Tuesday . The stock traded as high as $26.60 and last traded at $26.46, 1,281,900 shares traded hands during mid-day trading. An increase of 82% from the average session volume of 703,549 shares. The stock had previously closed at $24.76.

Several research analysts recently issued reports on the stock. TheStreet upgraded shares of JBG SMITH Properties from a “d+” rating to a “c” rating in a research note on Monday, February 10th. Zacks Investment Research upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Evercore ISI assumed coverage on shares of JBG SMITH Properties in a research note on Monday, December 16th. They issued an “in-line” rating for the company. Four equities research analysts have rated the stock with a hold rating, JBG SMITH Properties has an average rating of “Hold” and an average target price of $43.50.

The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $37.10 and its 200-day moving average is $39.02. The company has a market capitalization of $3.34 billion, a P/E ratio of 58.79, a price-to-earnings-growth ratio of 4.29 and a beta of 0.73.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.13). JBG SMITH Properties had a net margin of 10.12% and a return on equity of 1.98%. The firm had revenue of $164.88 million for the quarter, compared to analysts’ expectations of $135.80 million. During the same period last year, the company posted $0.41 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts predict that JBG SMITH Properties will post 1.77 EPS for the current fiscal year.

In related news, Vice Chairman Robert Alexander Stewart sold 100,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $28.94, for a total transaction of $2,894,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Haldeman acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average cost of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the transaction, the director now directly owns 75,000 shares in the company, valued at approximately $2,219,250. The disclosure for this purchase can be found here. Corporate insiders own 8.25% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JBGS. Van ECK Associates Corp purchased a new stake in JBG SMITH Properties during the 4th quarter valued at about $29,000. Quadrant Capital Group LLC boosted its holdings in shares of JBG SMITH Properties by 4,756.3% during the 4th quarter. Quadrant Capital Group LLC now owns 777 shares of the company’s stock valued at $30,000 after acquiring an additional 761 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of JBG SMITH Properties during the 1st quarter valued at about $41,000. Quantbot Technologies LP purchased a new stake in shares of JBG SMITH Properties during the 4th quarter valued at about $61,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of JBG SMITH Properties by 12,941.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,565 shares of the company’s stock valued at $62,000 after acquiring an additional 1,553 shares during the last quarter. 92.78% of the stock is currently owned by institutional investors.

JBG SMITH Properties Company Profile (NYSE:JBGS)

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

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