Zacks Investment Research upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a sell rating to a hold rating in a research note published on Tuesday morning.

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 began coverage on shares of JBG SMITH Properties in a research note on Thursday, June 21st. They set a sell rating and a $34.00 price objective on the stock.

Shares of NYSE JBGS opened at $36.51 on Tuesday. The company has a market cap of $4.39 billion, a PE ratio of 20.38 and a beta of 0.07. JBG SMITH Properties has a 12 month low of $30.79 and a 12 month high of $38.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.41 and a current ratio of 3.41.

In related news, CIO James Lee Iker sold 23,837 shares of JBG SMITH Properties stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $37.54, for a total value of $894,840.98. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 13.33% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE grew its stake in JBG SMITH Properties by 129.9% in the 2nd quarter. US Bancorp DE now owns 3,058 shares of the company’s stock valued at $112,000 after acquiring an additional 1,728 shares during the period. BlackRock Inc. grew its stake in JBG SMITH Properties by 11.9% in the 2nd quarter. BlackRock Inc. now owns 11,035,856 shares of the company’s stock valued at $402,478,000 after acquiring an additional 1,176,741 shares during the period. Tyers Asset Management LLC grew its stake in JBG SMITH Properties by 21.1% in the 2nd quarter. Tyers Asset Management LLC now owns 10,846 shares of the company’s stock valued at $395,000 after acquiring an additional 1,892 shares during the period. Janus Henderson Group PLC purchased a new position in JBG SMITH Properties in the 2nd quarter valued at $576,000. Finally, Vident Investment Advisory LLC purchased a new position in JBG SMITH Properties in the 2nd quarter valued at $247,000. 78.68% of the stock is currently 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. 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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