JBG SMITH Properties (NYSE:JBGS) Sees Unusually-High Trading Volume – Should You Buy?

JBG SMITH Properties (NYSE:JBGS) shares saw an uptick in trading volume on Wednesday . 1,303,027 shares traded hands during mid-day trading, an increase of 81% from the previous session’s volume of 718,887 shares.The stock last traded at $14.34 and had previously closed at $14.00.

Wall Street Analysts Forecast Growth

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

JBG SMITH Properties Price Performance

The stock has a 50 day moving average of $15.10 and a 200-day moving average of $16.32. 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 company has a market cap of $1.17 billion, a PE ratio of -8.52 and a beta of 1.12.

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

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were paid a $0.175 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.92%. JBG SMITH Properties’s payout ratio is -41.92%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JBGS. State of Wyoming purchased a new stake in JBG SMITH Properties in the 4th quarter worth approximately $98,000. ProShare Advisors LLC boosted its holdings in JBG SMITH Properties by 40.9% during the fourth quarter. ProShare Advisors LLC now owns 24,638 shares of the company’s stock worth $379,000 after buying an additional 7,154 shares in the last quarter. Quantinno Capital Management LP grew its position in JBG SMITH Properties by 3.1% during the fourth quarter. Quantinno Capital Management LP now owns 73,010 shares of the company’s stock valued at $1,122,000 after buying an additional 2,187 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in JBG SMITH Properties by 1.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company’s stock valued at $713,000 after buying an additional 662 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new position in JBG SMITH Properties in the fourth quarter valued at $776,000. 98.46% of the stock is currently owned by hedge funds and other 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.