JBG SMITH Properties (NYSE:JBGS) Cut to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded JBG SMITH Properties to “sell” from “hold.” The stock has an overall “Strong Sell” consensus rating from MarketBeat, with three sell ratings and an average price target of $16.67.
• JBGS opened at $12.14, below its 50-day moving average of $13.65 and 200-day moving average of $14.52. The stock has traded between $10.77 and $24.30 over the past year, with a market capitalization of approximately $711 million.
• Institutional investors own 98.46% of the company. Meanwhile, insider Steven A. Museles sold 20,010 shares in June, reducing his ownership by 62.45%.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

JBGS has been the subject of a number of other research reports. BMO Capital Markets restated an "underperform" rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Weiss Ratings reiterated a "sell (d-)" rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. Finally, Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Three analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of "Strong Sell" and a consensus target price of $16.67.

JBG SMITH Properties Stock Performance

JBGS opened at $12.14 on Friday. The stock has a market cap of $711.16 million, a P/E ratio of -4.65 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. The stock's 50 day simple moving average is $13.65 and its 200 day simple moving average is $14.52. JBG SMITH Properties has a 1-year low of $10.77 and a 1-year high of $24.30.

Insiders Place Their Bets

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $15.01, for a total transaction of $300,350.10. Following the completion of the transaction, the insider owned 12,032 shares of the company's stock, valued at approximately $180,600.32. This trade represents a 62.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 11.90% of the company's stock.

Institutional Trading of JBG SMITH Properties

A number of large investors have recently made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in JBG SMITH Properties in the 2nd quarter valued at about $781,000. California State Teachers Retirement System boosted its stake in shares of JBG SMITH Properties by 1,415.5% during the 2nd quarter. California State Teachers Retirement System now owns 893,007 shares of the company's stock worth $13,100,000 after purchasing an additional 834,083 shares during the last quarter. BTG Pactual Asset Management US LLC boosted its stake in shares of JBG SMITH Properties by 75.4% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 27,239 shares of the company's stock worth $400,000 after purchasing an additional 11,707 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of JBG SMITH Properties by 128.7% during the second quarter. Susquehanna International Group LLP now owns 13,062 shares of the company's stock worth $192,000 after buying an additional 58,633 shares in the last quarter. Finally, Private Management Group Inc. raised its position in shares of JBG SMITH Properties by 2.1% in the second quarter. Private Management Group Inc. now owns 1,677,809 shares of the company's stock valued at $24,613,000 after buying an additional 33,874 shares during the last quarter. Institutional investors and hedge funds 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.

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