Zacks: JBG SMITH Properties (JBGS) Given $40.00 Average Target Price by Analysts

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Shares of JBG SMITH Properties (NYSE:JBGS) have been given a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Analysts have set a 12 month consensus target price of $40.00 for the company and are anticipating that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned JBG SMITH Properties an industry rank of 165 out of 255 based on the ratings given to related companies.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a report on Wednesday, March 6th. ValuEngine upgraded shares of JBG SMITH Properties from a “hold” rating to a “buy” rating in a report on Monday, February 4th.

JBGS stock traded up $0.48 on Friday, hitting $43.17. The company had a trading volume of 277,700 shares, compared to its average volume of 547,806. JBG SMITH Properties has a 12-month low of $33.30 and a 12-month high of $43.18. The company has a current ratio of 4.50, a quick ratio of 4.50 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $5.23 billion, a P/E ratio of 24.95 and a beta of 0.73.

In other news, Director Michael J. Glosserman sold 20,000 shares of JBG SMITH Properties stock in a transaction on Monday, March 11th. The shares were sold at an average price of $40.58, for a total transaction of $811,600.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael J. Glosserman sold 60,000 shares of JBG SMITH Properties stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $40.75, for a total transaction of $2,445,000.00. The disclosure for this sale can be found here. Insiders sold 218,437 shares of company stock worth $8,918,042 in the last 90 days. 8.92% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. State of Tennessee Treasury Department boosted its stake in shares of JBG SMITH Properties by 109.5% during the 4th quarter. State of Tennessee Treasury Department now owns 240,365 shares of the company’s stock worth $8,367,000 after acquiring an additional 125,654 shares during the last quarter. Brookfield Asset Management Inc. purchased a new position in shares of JBG SMITH Properties during the 3rd quarter worth $1,440,000. Federated Investors Inc. PA boosted its stake in shares of JBG SMITH Properties by 13.1% during the 3rd quarter. Federated Investors Inc. PA now owns 39,567 shares of the company’s stock worth $1,457,000 after acquiring an additional 4,582 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of JBG SMITH Properties by 10.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 43,151 shares of the company’s stock worth $1,502,000 after acquiring an additional 3,980 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of JBG SMITH Properties by 1.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,653 shares of the company’s stock worth $997,000 after acquiring an additional 453 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.

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