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

Key Points

• Wall Street Zen downgraded JBG SMITH Properties from “hold” to “sell.” Other analysts also maintain negative views, giving the stock a consensus “Strong Sell” rating and an average price target of $14.67.
• JBG SMITH shares opened at $10.56, near their 12-month low of $10.32, while trading below both the 50-day and 200-day moving averages.
• Institutional ownership remains high at 98.46%, with BlackRock, UBS Asset Management, and other major investors recently adding or initiating positions.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of JBG SMITH Properties in a research report on Friday, September 4th. Evercore reaffirmed an "underperform" rating and set a $12.00 price target on shares of JBG SMITH Properties in a research report on Monday. BMO Capital Markets reissued an "underperform" rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Finally, Capital One Financial set a $13.00 price objective on JBG SMITH Properties in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of "Strong Sell" and a consensus target price of $14.67.

JBG SMITH Properties Stock Performance

NYSE JBGS opened at $10.56 on Friday. The business's 50-day moving average price is $12.25 and its 200 day moving average price is $13.92. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 2.35. JBG SMITH Properties has a twelve month low of $10.32 and a twelve month high of $22.38. The company has a market capitalization of $618.84 million, a PE ratio of -4.05 and a beta of 1.07.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of JBG SMITH Properties during the second quarter valued at approximately $164,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in JBG SMITH Properties by 16,414.3% in 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 valued at $7,331,000 after acquiring an additional 496,696 shares during the period. Bank of New York Mellon Corp acquired a new stake in JBG SMITH Properties in the 2nd quarter valued at approximately $6,687,000. Marnell Management LLC bought a new stake in JBG SMITH Properties during the 4th quarter valued at $6,557,000. Finally, Legal & General Group Plc bought a new stake in JBG SMITH Properties during the 2nd quarter valued at $4,893,000. 98.46% of the stock is owned by institutional investors and hedge funds.

About JBG SMITH Properties

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.

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