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

JBG SMITH Properties (NYSE:JBGS – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

Several other equities analysts have also recently weighed in on JBGS. BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Capital One Financial set a $13.00 target price on JBG SMITH Properties in a research note on Tuesday, August 4th. Evercore restated an “underperform” rating and set a $12.00 target price on shares of JBG SMITH Properties in a report on Monday, September 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Three equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties presently has a consensus rating of “Strong Sell” and a consensus target price of $14.67.

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Check Out Our Latest Stock Analysis on JBGS

JBG SMITH Properties Price Performance

JBGS opened at $10.56 on Friday. The stock has a market cap of $618.84 million, a P/E ratio of -4.05 and a beta of 1.07. JBG SMITH Properties has a 12 month low of $10.32 and a 12 month high of $22.38. 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 company has a fifty day simple moving average of $12.25 and a 200 day simple moving average of $13.91.

Institutional Investors Weigh In On JBG SMITH Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBGS. BlackRock Inc. acquired a new position in JBG SMITH Properties during the second quarter valued at approximately $164,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in JBG SMITH Properties by 16,414.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company’s stock valued at $7,331,000 after purchasing an additional 496,696 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of JBG SMITH Properties during the 2nd quarter worth approximately $6,687,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of JBG SMITH Properties during the 2nd quarter worth approximately $781,000. Finally, Legal & General Group Plc bought a new stake in shares of JBG SMITH Properties during the 2nd quarter worth approximately $4,893,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Company Profile

(Get Free Report)

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use, multifamily and office properties in the Washington, DC, metropolitan area. The company’s portfolio includes residential communities, office buildings, retail spaces and development sites designed to support urban living and employment.

JBG SMITH has a significant presence in National Landing, the Virginia area encompassing parts of Arlington County and the City of Alexandria, including Pentagon City, Crystal City and Potomac Yard.

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