JBG SMITH Properties (NYSE:JBGS) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a sell rating to a hold rating in a report released on Tuesday, Zacks.com reports. They currently have $45.00 target price on the stock.

According to Zacks, “JBG SMITH Properties is a real estate company. It manages residential, office, retail and mixed-use properties. JBG SMITH Properties is based in Arlington, United States. “

Other analysts have also issued reports about the company. ValuEngine lowered JBG SMITH Properties from a buy rating to a hold rating in a report on Thursday, September 5th. Bank of America began coverage on JBG SMITH Properties in a report on Thursday, August 15th. They issued a neutral rating and a $42.00 price objective for the company.

JBG SMITH Properties stock traded up $0.14 during midday trading on Tuesday, hitting $39.88. The stock had a trading volume of 426,239 shares, compared to its average volume of 423,472. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.48. The stock has a market cap of $5.24 billion, a P/E ratio of 23.05, a P/E/G ratio of 4.52 and a beta of 0.69. JBG SMITH Properties has a 12 month low of $33.30 and a 12 month high of $43.21. The business has a fifty day moving average price of $39.52 and a 200 day moving average price of $39.66.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 14th will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, November 13th. JBG SMITH Properties’s dividend payout ratio is currently 52.02%.

A number of institutional investors have recently made changes to their positions in JBGS. Marshall Wace North America L.P. bought a new stake in JBG SMITH Properties in the first quarter valued at about $41,000. Steward Partners Investment Advisory LLC acquired a new position in JBG SMITH Properties in the second quarter valued at approximately $54,000. Phocas Financial Corp. acquired a new position in JBG SMITH Properties in the second quarter valued at approximately $61,000. CWM LLC acquired a new position in JBG SMITH Properties in the third quarter valued at approximately $131,000. Finally, Machina Capital S.A.S. boosted its stake in JBG SMITH Properties by 594.6% in the second quarter. Machina Capital S.A.S. now owns 4,515 shares of the company’s stock valued at $178,000 after acquiring an additional 3,865 shares during the period. 86.42% of the stock is owned by hedge funds and other institutional investors.

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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