Zacks Investment Research upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a sell rating to a hold rating in a research report released on Thursday.

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. “

Separately, Stifel Nicolaus initiated coverage on shares of JBG SMITH Properties in a research report on Thursday, June 21st. They set a sell rating and a $34.00 price objective for the company.

Shares of JBGS stock traded down $0.10 during trading hours on Thursday, hitting $36.74. 2,189 shares of the company were exchanged, compared to its average volume of 439,630. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.69. JBG SMITH Properties has a 52 week low of $30.79 and a 52 week high of $38.91. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 20.65 and a beta of 0.05.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Tuesday, August 14th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Monday, August 13th.

In related news, Director University Yale sold 40,533 shares of the firm’s stock in a transaction on Friday, June 15th. The shares were sold at an average price of $38.12, for a total value of $1,545,117.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.33% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its position in JBG SMITH Properties by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 1,177,131 shares of the company’s stock valued at $42,930,000 after purchasing an additional 46,385 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in JBG SMITH Properties by 3.7% in the second quarter. Public Employees Retirement System of Ohio now owns 149,297 shares of the company’s stock valued at $5,445,000 after purchasing an additional 5,362 shares in the last quarter. Tower Research Capital LLC TRC grew its position in JBG SMITH Properties by 260.1% in the second quarter. Tower Research Capital LLC TRC now owns 24,784 shares of the company’s stock valued at $904,000 after purchasing an additional 17,901 shares in the last quarter. Vident Investment Advisory LLC bought a new position in JBG SMITH Properties in the second quarter valued at $247,000. Finally, Macquarie Group Ltd. grew its position in JBG SMITH Properties by 188.7% in the second quarter. Macquarie Group Ltd. now owns 76,431 shares of the company’s stock valued at $2,788,000 after purchasing an additional 49,958 shares in the last quarter. 78.71% of the stock is 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.

Recommended Story: Asset Allocation Models, Which is Right For You?

Get a free copy of the Zacks research report on JBG SMITH Properties (JBGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.