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

Wall Street Zen cut shares of JBG SMITH Properties (NYSE:JBGS) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

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

JBG SMITH Properties Stock Down 0.1%

NYSE:JBGS opened at $14.32 on Friday. 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’s 50-day moving average price is $15.48 and its 200-day moving average price is $17.77. The company has a market capitalization of $844.91 million, a PE ratio of -6.79 and a beta of 1.14. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $24.30.

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

Hedge Funds Weigh In On JBG SMITH Properties

Large investors have recently modified their holdings of the stock. CWM LLC boosted its stake in JBG SMITH Properties by 65.1% in the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock worth $29,000 after purchasing an additional 510 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in JBG SMITH Properties by 78.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock valued at $32,000 after purchasing an additional 650 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in JBG SMITH Properties by 151.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after buying an additional 987 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in JBG SMITH Properties in the fourth quarter worth about $39,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of JBG SMITH Properties by 113.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock worth $57,000 after buying an additional 1,741 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

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.