JBG SMITH Properties (NYSE:JBGS) Stock Rating Raised to “Hold” 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 research note issued to investors on Saturday,Wall Street Zen reports.

A number of other brokerages also recently commented on JBGS. 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 restated an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Evercore reaffirmed an “underperform” rating and issued 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 report on Friday, September 4th. Three analysts have rated the stock with a Sell rating. According to data from MarketBeat, the company has an average rating of “Strong Sell” and an average price target of $12.50.

JBG SMITH Properties Stock Performance

NYSE JBGS opened at $11.16 on Friday. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 2.35. The firm’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $13.49. JBG SMITH Properties has a 1 year low of $9.93 and a 1 year high of $21.86. The firm has a market capitalization of $654.00 million, a P/E ratio of -4.28 and a beta of 1.11.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a dividend of $0.1750 per share. This represents a $0.70 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, August 13th. JBG SMITH Properties’s payout ratio is -26.82%.

Hedge Funds Weigh In On JBG SMITH Properties

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new position in shares of JBG SMITH Properties in the second quarter valued at about $164,185,000. Private Management Group Inc. boosted its holdings in shares of JBG SMITH Properties by 2.1% during the 2nd quarter. Private Management Group Inc. now owns 1,677,809 shares of the company’s stock worth $24,613,000 after buying an additional 33,874 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of JBG SMITH Properties by 16,414.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company’s stock worth $7,331,000 after buying an additional 496,696 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of JBG SMITH Properties during the 2nd quarter worth about $6,687,000. Finally, Bessemer Group Inc. boosted its holdings in shares of JBG SMITH Properties by 34.7% during the 1st quarter. Bessemer Group Inc. now owns 397,711 shares of the company’s stock worth $5,811,000 after buying an additional 102,557 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

About JBG SMITH Properties

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.