JBG SMITH Properties (NYSE:JBGS) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of JBG SMITH Properties (NYSE:JBGS) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Monday, June 8th. BMO Capital Markets restated an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, JBG SMITH Properties currently has a consensus rating of “Strong Sell” and a consensus target price of $16.67.

JBG SMITH Properties Stock Up 0.3%

Shares of NYSE:JBGS opened at $12.14 on Friday. JBG SMITH Properties has a 52-week low of $10.77 and a 52-week high of $24.30. The firm has a market capitalization of $711.11 million, a P/E ratio of -4.65 and a beta of 1.07. The stock has a 50 day moving average price of $13.65 and a 200-day moving average price of $14.52. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.89 and a current ratio of 4.89.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Thursday, August 13th. JBG SMITH Properties’s payout ratio is presently -26.82%.

Insiders Place Their Bets

In related news, insider Steven A. Museles sold 20,010 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $15.01, for a total value of $300,350.10. Following the transaction, the insider directly owned 12,032 shares of the company’s stock, valued at approximately $180,600.32. This represents a 62.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is currently owned by insiders.

Institutional Trading of JBG SMITH Properties

A number of institutional investors and hedge funds have recently modified their holdings of the business. Daiwa Securities Group Inc. boosted its stake in shares of JBG SMITH Properties by 2.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 23,140 shares of the company’s stock worth $394,000 after buying an additional 655 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of JBG SMITH Properties by 5.0% in the fourth quarter. Ballentine Partners LLC now owns 14,472 shares of the company’s stock worth $246,000 after acquiring an additional 683 shares during the period. Smartleaf Asset Management LLC increased its position in JBG SMITH Properties by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock valued at $38,000 after acquiring an additional 765 shares during the last quarter. State of Tennessee Department of Treasury increased its position in JBG SMITH Properties by 2.1% during the second quarter. State of Tennessee Department of Treasury now owns 38,993 shares of the company’s stock valued at $675,000 after acquiring an additional 798 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in JBG SMITH Properties by 20.6% in the fourth quarter. Royal Bank of Canada now owns 4,908 shares of the company’s stock valued at $84,000 after acquiring an additional 837 shares during the period. Institutional investors own 98.46% of the company’s stock.

About JBG SMITH Properties

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.