JBG SMITH Properties (NYSE:JBGS) has been assigned an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation.
Analysts have set a 12 month consensus price target of $34.00 for the company and are forecasting that the company will post $0.48 EPS for the current quarter, according to Zacks. Zacks has also assigned JBG SMITH Properties an industry rank of 168 out of 255 based on the ratings given to its competitors.
A number of equities research analysts recently weighed in on JBGS shares. Stifel Nicolaus started coverage on JBG SMITH Properties in a research report on Thursday, June 21st. They set a “sell” rating and a $34.00 target price on the stock. Zacks Investment Research downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd.
In related news, CIO James Lee Iker sold 23,837 shares of JBG SMITH Properties stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $37.54, for a total transaction of $894,840.98. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 13.33% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its stake in JBG SMITH Properties by 467.4% during the first quarter. Wells Fargo & Company MN now owns 78,044 shares of the company’s stock worth $2,630,000 after purchasing an additional 99,287 shares during the period. Northern Trust Corp lifted its stake in JBG SMITH Properties by 6.9% during the first quarter. Northern Trust Corp now owns 1,247,480 shares of the company’s stock worth $42,052,000 after purchasing an additional 80,650 shares during the period. BlackRock Inc. lifted its stake in JBG SMITH Properties by 3.6% during the first quarter. BlackRock Inc. now owns 9,859,115 shares of the company’s stock worth $332,353,000 after purchasing an additional 345,917 shares during the period. Great West Life Assurance Co. Can lifted its stake in JBG SMITH Properties by 3.5% during the first quarter. Great West Life Assurance Co. Can now owns 107,585 shares of the company’s stock worth $3,630,000 after purchasing an additional 3,623 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in JBG SMITH Properties by 7.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,398,903 shares of the company’s stock worth $47,157,000 after purchasing an additional 93,280 shares during the period. 78.68% of the stock is currently owned by institutional investors and hedge funds.
About JBG SMITH Properties
JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.
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