Wall Street Zen Upgrades JBG SMITH Properties (NYSE:JBGS) to “Hold”

JBG SMITH Properties (NYSE:JBGS) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday, Wall Street Zen reports.

Several other brokerages also recently issued reports on JBGS. BMO Capital Markets reissued an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and an average target price of $16.67.

JBG SMITH Properties Stock Performance

Shares of JBG SMITH Properties stock opened at $11.72 on Friday. The firm’s fifty day simple moving average is $13.32 and its 200-day simple moving average is $14.33. JBG SMITH Properties has a 12 month low of $10.77 and a 12 month high of $24.30. The stock has a market capitalization of $686.56 million, a price-to-earnings ratio of -4.49 and a beta of 1.07. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89.

Hedge Funds Weigh In On JBG SMITH Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of JBG SMITH Properties during the 2nd quarter valued at approximately $164,185,000. Morgan Stanley boosted its stake in shares of JBG SMITH Properties by 56.5% during the 4th quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock worth $57,428,000 after acquiring an additional 1,218,460 shares in the last quarter. Long Pond Capital LP grew its holdings 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 worth $70,547,000 after acquiring an additional 918,505 shares during the period. California State Teachers Retirement System grew its holdings in shares of JBG SMITH Properties by 1,415.5% in the 2nd quarter. California State Teachers Retirement System now owns 893,007 shares of the company’s stock worth $13,100,000 after acquiring an additional 834,083 shares during the period. Finally, Wellington Management Group LLP purchased a new position in JBG SMITH Properties in the 3rd quarter valued at approximately $15,125,000. 98.46% of the stock is owned by institutional investors and hedge funds.

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.