JBG SMITH Properties (NYSE:JBGS) Sees Large Volume Increase – Time to Buy?

Shares of JBG SMITH Properties (NYSE:JBGS) saw unusually-strong trading volume on Monday . Approximately 3,221,728 shares traded hands during mid-day trading, an increase of 261% from the previous session’s volume of 891,846 shares.The stock last traded at $16.13 and had previously closed at $15.92.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered JBG SMITH Properties from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $18.00 to $15.00 in a research note on Tuesday, December 3rd.

JBG SMITH Properties Trading Up 3.4 %

The stock has a market cap of $1.35 billion, a PE ratio of -9.87 and a beta of 1.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73. The firm has a 50-day moving average price of $15.23 and a 200-day moving average price of $16.14.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results on Tuesday, February 18th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.52. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The business had revenue of $108.43 million during the quarter, compared to the consensus estimate of $116.31 million.

Institutional Investors Weigh In On JBG SMITH Properties

Several large investors have recently bought and sold shares of the business. Sterling Capital Management LLC increased its position in JBG SMITH Properties by 814.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company’s stock valued at $40,000 after acquiring an additional 2,289 shares during the last quarter. KBC Group NV lifted its position in shares of JBG SMITH Properties by 64.9% during the fourth quarter. KBC Group NV now owns 5,677 shares of the company’s stock worth $87,000 after purchasing an additional 2,234 shares during the last quarter. State of Wyoming purchased a new position in JBG SMITH Properties in the 4th quarter worth about $98,000. Yoffe Investment Management LLC bought a new position in JBG SMITH Properties in the 4th quarter worth about $169,000. Finally, Bank of Montreal Can lifted its holdings in shares of JBG SMITH Properties by 8.5% in the 4th quarter. Bank of Montreal Can now owns 11,928 shares of the company’s stock worth $183,000 after buying an additional 939 shares during the period. Institutional investors own 98.46% of the company’s stock.

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.