JBG SMITH Properties (NYSE:JBGS) Stock Rating Lowered by Wall Street Zen

JBG SMITH Properties (NYSE:JBGS) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell” and an average target price of $18.50.

JBG SMITH Properties Stock Performance

NYSE JBGS opened at $14.32 on Friday. The company’s fifty day moving average is $15.48 and its two-hundred day moving average is $17.73. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $24.30. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.63 and a quick ratio of 3.63. The firm has a market capitalization of $844.96 million, a price-to-earnings ratio of -6.79 and a beta of 1.14.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, February 17th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.31). JBG SMITH Properties had a negative net margin of 27.89% and a negative return on equity of 10.61%. The company had revenue of $127.56 million for the quarter, compared to analyst estimates of $122.44 million.

Institutional Trading of JBG SMITH Properties

Institutional investors have recently made changes to their positions in the business. Morgan Stanley raised its position in JBG SMITH Properties by 56.5% in the fourth quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock worth $57,428,000 after purchasing an additional 1,218,460 shares in the last quarter. Long Pond Capital LP grew its stake in shares of JBG SMITH Properties by 28.4% in the 4th quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock valued at $70,547,000 after purchasing an additional 918,505 shares during the period. Wellington Management Group LLP bought a new stake in shares of JBG SMITH Properties in the 3rd quarter valued at approximately $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of JBG SMITH Properties by 554.4% in the 1st 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 buying an additional 570,428 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of JBG SMITH Properties by 263.3% in the 3rd quarter. Millennium Management LLC now owns 535,496 shares of the company’s stock worth $11,915,000 after buying an additional 388,113 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

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.