JBG SMITH Properties (NYSE:JBGS)’s share price traded up 6.9% during mid-day trading on Tuesday . The stock traded as high as $26.60 and last traded at $26.46, 1,281,900 shares traded hands during mid-day trading. An increase of 82% from the average session volume of 703,549 shares. The stock had previously closed at $24.76.
Several research analysts recently issued reports on the stock. TheStreet upgraded shares of JBG SMITH Properties from a “d+” rating to a “c” rating in a research note on Monday, February 10th. Zacks Investment Research upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 10th. Finally, Evercore ISI assumed coverage on shares of JBG SMITH Properties in a research note on Monday, December 16th. They issued an “in-line” rating for the company. Four equities research analysts have rated the stock with a hold rating, JBG SMITH Properties has an average rating of “Hold” and an average target price of $43.50.
The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $37.10 and its 200-day moving average is $39.02. The company has a market capitalization of $3.34 billion, a P/E ratio of 58.79, a price-to-earnings-growth ratio of 4.29 and a beta of 0.73.
In related news, Vice Chairman Robert Alexander Stewart sold 100,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $28.94, for a total transaction of $2,894,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles E. Haldeman acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average cost of $29.59 per share, for a total transaction of $295,900.00. Following the completion of the transaction, the director now directly owns 75,000 shares in the company, valued at approximately $2,219,250. The disclosure for this purchase can be found here. Corporate insiders own 8.25% of the company’s stock.
A number of hedge funds have recently made changes to their positions in JBGS. Van ECK Associates Corp purchased a new stake in JBG SMITH Properties during the 4th quarter valued at about $29,000. Quadrant Capital Group LLC boosted its holdings in shares of JBG SMITH Properties by 4,756.3% during the 4th quarter. Quadrant Capital Group LLC now owns 777 shares of the company’s stock valued at $30,000 after acquiring an additional 761 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of JBG SMITH Properties during the 1st quarter valued at about $41,000. Quantbot Technologies LP purchased a new stake in shares of JBG SMITH Properties during the 4th quarter valued at about $61,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of JBG SMITH Properties by 12,941.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,565 shares of the company’s stock valued at $62,000 after acquiring an additional 1,553 shares during the last quarter. 92.78% of the stock is currently owned by institutional investors.
JBG SMITH Properties Company Profile (NYSE:JBGS)
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.
Further Reading: What Is An Exchange-Traded Fund (ETF)?
Receive News & Ratings for JBG SMITH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JBG SMITH Properties and related companies with MarketBeat.com's FREE daily email newsletter.