JBG SMITH Properties (NYSE:JBGS) Rating Increased 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 report published on Saturday morning.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Thursday, January 22nd. Evercore reduced their price objective on shares of JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating on the stock in a research note on Friday, November 14th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell” and an average target price of $18.50.

JBG SMITH Properties Stock Down 2.2%

Shares of NYSE:JBGS opened at $14.82 on Friday. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $873.64 million, a P/E ratio of -7.02 and a beta of 1.15. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $24.30. The stock’s fifty day simple moving average is $16.44 and its 200-day simple moving average is $18.78.

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

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Tuesday, December 30th were given a dividend of $0.175 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.70 annualized dividend and a yield of 4.7%. JBG SMITH Properties’s dividend payout ratio is -33.18%.

Institutional Trading of JBG SMITH Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Long Pond Capital LP lifted its holdings in shares of JBG SMITH Properties by 28.4% during 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. Morgan Stanley grew its holdings in JBG SMITH Properties by 56.5% in the fourth quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock valued at $57,428,000 after purchasing an additional 1,218,460 shares during the period. Allianz Asset Management GmbH grew its holdings in JBG SMITH Properties by 51.4% in the third quarter. Allianz Asset Management GmbH now owns 804,190 shares of the company’s stock valued at $17,893,000 after purchasing an additional 273,118 shares during the period. Bank of New York Mellon Corp increased its position in JBG SMITH Properties by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 720,423 shares of the company’s stock worth $12,463,000 after purchasing an additional 14,815 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in JBG SMITH Properties during the third quarter worth approximately $15,125,000. 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.