Wall Street Zen Downgrades JBG SMITH Properties (NYSE:JBGS) to Sell

JBG SMITH Properties (NYSE:JBGS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

JBGS has been the topic of a number of other research reports. Capital One Financial set a $13.00 price target on JBG SMITH Properties in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. Finally, BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, JBG SMITH Properties presently has a consensus rating of “Strong Sell” and a consensus price target of $16.67.

JBG SMITH Properties Trading Up 0.5%

Shares of NYSE:JBGS opened at $12.14 on Friday. The business’s 50-day moving average is $13.65 and its 200 day moving average is $14.51. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89. JBG SMITH Properties has a 1 year low of $10.77 and a 1 year high of $24.30. The firm has a market capitalization of $711.16 million, a P/E ratio of -4.65 and a beta of 1.07.

Insider Buying and Selling

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.01, for a total value of $300,350.10. Following the sale, the insider directly owned 12,032 shares of the company’s stock, valued at approximately $180,600.32. This represents a 62.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.90% of the company’s stock.

Institutional Investors Weigh In On JBG SMITH Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in JBG SMITH Properties in the second quarter valued at $164,185,000. Morgan Stanley raised its holdings in shares of JBG SMITH Properties by 56.5% during the fourth quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock valued at $57,428,000 after acquiring an additional 1,218,460 shares during the last quarter. Long Pond Capital LP lifted its holdings in JBG SMITH Properties by 28.4% in the 4th quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock valued at $70,547,000 after purchasing an additional 918,505 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of JBG SMITH Properties by 1,415.5% in the second quarter. California State Teachers Retirement System now owns 893,007 shares of the company’s stock worth $13,100,000 after buying an additional 834,083 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in JBG SMITH Properties in the 3rd quarter worth approximately $15,125,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.