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 report released on Saturday,Wall Street Zen reports.

JBGS has been the subject of several other reports. BMO Capital Markets reissued an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Evercore reaffirmed an “underperform” rating and set a $12.00 target price on shares of JBG SMITH Properties in a report on Monday, September 21st. Finally, Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Strong Sell” and an average target price of $14.67.

JBG SMITH Properties Price Performance

Shares of JBG SMITH Properties stock opened at $10.56 on Friday. The stock has a market capitalization of $618.80 million, a P/E ratio of -4.05 and a beta of 1.07. The business has a 50 day simple moving average of $12.25 and a two-hundred day simple moving average of $13.92. JBG SMITH Properties has a 12 month low of $10.32 and a 12 month high of $22.38. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were issued a $0.1750 dividend. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.6%. JBG SMITH Properties’s dividend payout ratio is currently -26.82%.

Institutional Investors Weigh In On JBG SMITH Properties

Several hedge funds and other institutional investors have recently bought and sold shares of JBGS. BlackRock Inc. acquired a new position in JBG SMITH Properties in the 2nd quarter valued at about $164,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 last quarter. Bank of New York Mellon Corp acquired a new stake in shares of JBG SMITH Properties during the 2nd quarter worth approximately $6,687,000. Marnell Management LLC purchased a new stake in shares of JBG SMITH Properties during the 4th quarter valued at approximately $6,557,000. Finally, Legal & General Group Plc purchased a new stake in shares of JBG SMITH Properties during the 2nd quarter valued at approximately $4,893,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Company Profile

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.