Zacks Investment Research Upgrades JBG SMITH Properties (JBGS) to “Hold”

JBG SMITH Properties (NYSE:JBGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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. “

Separately, Stifel Nicolaus assumed coverage on shares of JBG SMITH Properties in a report on Thursday, June 21st. They set a “sell” rating and a $34.00 target price on the stock.

Shares of NYSE:JBGS opened at $36.48 on Tuesday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 20.58 and a beta of 0.08. JBG SMITH Properties has a 1-year low of $30.79 and a 1-year high of $38.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.41 and a current ratio of 3.41.

In other news, CIO James Lee Iker sold 23,837 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $37.54, for a total transaction of $894,840.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 13.33% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its position in JBG SMITH Properties by 17.9% in the 3rd quarter. Louisiana State Employees Retirement System now owns 29,700 shares of the company’s stock valued at $1,094,000 after buying an additional 4,500 shares in the last quarter. Toth Financial Advisory Corp bought a new position in JBG SMITH Properties in the 3rd quarter valued at about $399,000. Sumitomo Mitsui Asset Management Company LTD grew its position in JBG SMITH Properties by 23.8% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 9,369 shares of the company’s stock valued at $345,000 after buying an additional 1,799 shares in the last quarter. Northern Trust Corp grew its position in JBG SMITH Properties by 8.7% in the 2nd quarter. Northern Trust Corp now owns 1,356,048 shares of the company’s stock valued at $49,455,000 after buying an additional 108,568 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in JBG SMITH Properties by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,177,131 shares of the company’s stock valued at $42,930,000 after buying an additional 46,385 shares in the last quarter. Institutional investors and hedge funds own 78.68% of the company’s stock.

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. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.

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