JBG SMITH Properties (NYSE:JBGS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a sell rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Several other research firms also recently weighed in on JBGS. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Friday, September 4th. Evercore restated an “underperform” rating and set a $12.00 price target on shares of JBG SMITH Properties in a report on Monday, September 21st. Capital One Financial set a $13.00 price target on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Finally, BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Three research analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Sell” and an average target price of $12.50.

JBG SMITH Properties Price Performance

JBGS stock opened at $10.80 on Friday. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 2.35. JBG SMITH Properties has a one year low of $9.93 and a one year high of $21.86. The firm has a market capitalization of $632.66 million, a PE ratio of 16.64 and a beta of 1.11. The firm has a 50-day moving average of $11.34 and a two-hundred day moving average of $13.45.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were issued a $0.1750 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.5%. JBG SMITH Properties’s dividend payout ratio is currently -26.82%.

Institutional Trading of JBG SMITH Properties

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of JBG SMITH Properties during the 2nd quarter worth about $164,185,000. Legal & General Group Plc acquired a new stake in shares of JBG SMITH Properties during the 2nd quarter valued at about $4,893,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of JBG SMITH Properties by 16,414.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company’s stock valued at $7,331,000 after buying an additional 496,696 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of JBG SMITH Properties during the 2nd quarter valued at about $6,687,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of JBG SMITH Properties in the 2nd quarter valued at approximately $781,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

About JBG SMITH Properties

JBG SMITH Properties (NYSE: JBGS) is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes office buildings, multifamily residential communities, retail space and development projects.

The company focuses on urban, transit-oriented neighborhoods in Washington, DC, Northern Virginia and suburban Maryland, with significant activities in National Landing in Arlington, Virginia, and Bethesda, Maryland.