JBG SMITH Properties (NYSE:JBGS) Raised to Hold at Wall Street Zen

JBG SMITH Properties (NYSE:JBGS) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently issued reports on JBGS. Evercore reaffirmed an “underperform” rating and set a $12.00 price target on shares of JBG SMITH Properties in a research note on Monday, September 21st. Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. BMO Capital Markets reissued an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Three investment analysts have rated the stock with a Sell rating. According to MarketBeat, the stock has an average rating of “Strong Sell” and a consensus target price of $12.50.

JBG SMITH Properties Trading Up 0.1%

JBGS opened at $11.16 on Friday. The firm’s 50 day moving average is $11.35 and its 200-day moving average is $13.48. JBG SMITH Properties has a 52-week low of $9.93 and a 52-week high of $21.86. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $654.05 million, a P/E ratio of -4.28 and a beta of 1.11.

Hedge Funds Weigh In On JBG SMITH Properties

Several institutional investors and hedge funds have recently made changes to their positions in the business. SteelPeak Wealth LLC acquired a new stake in JBG SMITH Properties in the third quarter valued at $769,000. GAMMA Investing LLC boosted its stake in JBG SMITH Properties by 323.7% during the 3rd quarter. GAMMA Investing LLC now owns 15,780 shares of the company’s stock valued at $158,000 after acquiring an additional 12,056 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in JBG SMITH Properties by 62.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,726 shares of the company’s stock valued at $47,000 after acquiring an additional 1,821 shares during the last quarter. Engineers Gate Manager LP bought a new position in JBG SMITH Properties during the 2nd quarter valued at $557,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in JBG SMITH Properties during the 2nd quarter worth $781,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Company Profile

JBG SMITH Properties (NYSE: JBGS) is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes office buildings, multifamily residential communities, retail space and development projects.

The company focuses on urban, transit-oriented neighborhoods in Washington, DC, Northern Virginia and suburban Maryland, with significant activities in National Landing in Arlington, Virginia, and Bethesda, Maryland.