JBG SMITH Properties (NYSE:JBGS) Upgraded to "Hold" 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 $16.67 price target.
• JBGS shares opened at $11.72, well below their 50-day and 200-day moving averages of $13.39 and $14.37, respectively, and are near the company’s 52-week low of $10.77.
• Institutional investors own 98.46% of the stock, while insider Steven Museles sold 20,010 shares, reducing his position by 62.45%.

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

Other equities research analysts have also recently issued research reports about the company. Capital One Financial set a $13.00 target price on JBG SMITH Properties in a research note on Tuesday, August 4th. Weiss Ratings restated a "sell (d-)" rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. Finally, BMO Capital Markets reiterated an "underperform" rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, JBG SMITH Properties has a consensus rating of "Strong Sell" and a consensus price target of $16.67.

JBG SMITH Properties Stock Down 0.3%

Shares of NYSE JBGS opened at $11.72 on Friday. The business has a 50-day moving average of $13.39 and a two-hundred day moving average of $14.37. The company has a market capitalization of $686.56 million, a price-to-earnings ratio of -4.49 and a beta of 1.07. JBG SMITH Properties has a 1 year low of $10.77 and a 1 year high of $24.30. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89.

Insider Activity

In related news, insider Steven Museles sold 20,010 shares of the firm's stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $15.01, for a total value of $300,350.10. Following the completion of the transaction, the insider directly owned 12,032 shares of the company's stock, valued at $180,600.32. This trade represents a 62.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 11.90% of the company's stock.

Hedge Funds Weigh In On JBG SMITH Properties

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in JBG SMITH Properties by 32.1% during the 1st quarter. Royal Bank of Canada now owns 31,940 shares of the company's stock worth $515,000 after purchasing an additional 7,759 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of JBG SMITH Properties during the first quarter valued at approximately $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of JBG SMITH Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company's stock valued at $781,000 after buying an additional 2,118 shares during the period. Empowered Funds LLC boosted its position in JBG SMITH Properties by 12.8% during the first quarter. Empowered Funds LLC now owns 17,555 shares of the company's stock worth $283,000 after acquiring an additional 1,998 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in JBG SMITH Properties by 554.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company's stock worth $10,847,000 after acquiring an additional 570,428 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

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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