JBG SMITH Properties (NYSE:JBGS) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded JBG SMITH Properties from “sell” to “hold,” but the broader analyst consensus remains “Strong Sell,” with a consensus price target of $12.50.
• JBGS shares opened at $11.16, near the lower end of their 52-week range of $9.93 to $21.86, while the stock was up 0.8%.
• Institutional investors own 98.46% of the company, with several firms recently increasing their positions in JBG SMITH Properties.

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

JBGS has been the subject of several other reports. Evercore reissued an "underperform" rating and set a $12.00 price target on shares of JBG SMITH Properties in a report on Monday, September 21st. BMO Capital Markets reaffirmed an "underperform" rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Three equities research analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, JBG SMITH Properties presently has an average rating of "Strong Sell" and a consensus price target of $12.50.

JBG SMITH Properties Stock Up 0.8%

Shares of NYSE JBGS opened at $11.16 on Friday. JBG SMITH Properties has a 52-week low of $9.93 and a 52-week high of $21.86. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.89 and a current ratio of 4.89. The business has a fifty day moving average of $11.35 and a two-hundred day moving average of $13.49. The stock has a market cap of $654.05 million, a PE ratio of 16.54 and a beta of 1.11.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in JBGS. Resona Asset Management Co. Ltd. grew its holdings in JBG SMITH Properties by 3.6% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 26,440 shares of the company's stock worth $389,000 after acquiring an additional 914 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of JBG SMITH Properties by 62.7% in the third quarter. Farther Finance Advisors LLC now owns 4,726 shares of the company's stock worth $47,000 after acquiring an additional 1,821 shares during the last quarter. Heritage Investors Management Corp raised its stake in shares of JBG SMITH Properties by 20.4% in the first quarter. Heritage Investors Management Corp now owns 14,619 shares of the company's stock worth $214,000 after acquiring an additional 2,477 shares during the last quarter. State of Wyoming acquired a new position in shares of JBG SMITH Properties during the second quarter worth approximately $72,000. Finally, Hsbc Holdings PLC lifted its position in shares of JBG SMITH Properties by 4.3% during the second quarter. Hsbc Holdings PLC now owns 118,627 shares of the company's stock worth $1,741,000 after purchasing an additional 4,936 shares in the last quarter. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Company Profile

JBG SMITH Properties NYSE: JBGS is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes office buildings, multifamily residential communities, retail space and development projects.

The company focuses on urban, transit-oriented neighborhoods in Washington, DC, Northern Virginia and suburban Maryland, with significant activities in National Landing in Arlington, Virginia, and Bethesda, Maryland.

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