JBG SMITH Properties (NYSE:JBGS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a sell rating to a hold rating in a report published on Sunday,Wall Street Zen reports.

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

JBG SMITH Properties Stock Down 2.3%

NYSE:JBGS opened at $11.44 on Friday. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. JBG SMITH Properties has a 12-month low of $10.77 and a 12-month high of $24.30. The stock’s fifty day simple moving average is $13.26 and its 200-day simple moving average is $14.30. The firm has a market capitalization of $669.86 million, a P/E ratio of -4.38 and a beta of 1.07.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Thursday, August 13th. JBG SMITH Properties’s payout ratio is presently -26.82%.

Institutional Investors Weigh In On JBG SMITH Properties

A number of hedge funds have recently modified their holdings of JBGS. Royal Bank of Canada lifted its holdings in shares of JBG SMITH Properties by 32.1% during the 1st quarter. Royal Bank of Canada now owns 31,940 shares of the company’s stock valued at $515,000 after purchasing an additional 7,759 shares in the last quarter. AQR Capital Management LLC bought a new position in JBG SMITH Properties in the first quarter valued at approximately $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of JBG SMITH Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company’s stock valued at $781,000 after buying an additional 2,118 shares during the period. Empowered Funds LLC boosted its holdings in shares of JBG SMITH Properties by 12.8% in the first quarter. Empowered Funds LLC now owns 17,555 shares of the company’s stock valued at $283,000 after buying an additional 1,998 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of JBG SMITH Properties by 554.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock worth $10,847,000 after acquiring an additional 570,428 shares in the last quarter. Institutional investors and hedge funds 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.