Zacks Investment Research upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “JBG SMITH Properties is a real estate company. It manages residential, office, retail and mixed-use properties. JBG SMITH Properties is based in Arlington, United States. “

Shares of JBGS stock opened at $39.55 on Wednesday. JBG SMITH Properties has a one year low of $33.30 and a one year high of $43.21. The company’s 50-day moving average price is $40.05. The stock has a market cap of $5.33 billion, a P/E ratio of 22.86 and a beta of 0.68. The company has a quick ratio of 4.57, a current ratio of 4.57 and a debt-to-equity ratio of 0.71.

A number of hedge funds have recently made changes to their positions in JBGS. Quadrant Capital Group LLC boosted its holdings in shares of JBG SMITH Properties by 3,276.2% during the 1st quarter. Quadrant Capital Group LLC now owns 709 shares of the company’s stock valued at $28,000 after acquiring an additional 688 shares during the last quarter. Legacy Bridge LLC purchased a new stake in shares of JBG SMITH Properties during the 1st quarter valued at about $31,000. Marshall Wace North America L.P. purchased a new stake in shares of JBG SMITH Properties during the 1st quarter valued at about $41,000. NumerixS Investment Technologies Inc purchased a new stake in shares of JBG SMITH Properties during the 4th quarter valued at about $151,000. Finally, World Asset Management Inc purchased a new stake in shares of JBG SMITH Properties during the 1st quarter valued at about $211,000. 75.92% of the stock is currently owned by institutional investors.

JBG SMITH Properties Company Profile

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.

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