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

Key Points

• JBG SMITH Properties was upgraded from sell to hold by Wall Street Zen, although Weiss Ratings still reaffirmed a sell rating, leaving the stock’s consensus view at Sell.
• The stock was up 0.9% and opened at $15.55; MarketBeat notes a consensus target price of $18.50.
• The company reported a Q1 loss of ($0.32) EPS on $127.6 million in revenue, with continued pressure shown by negative net margin and return on equity.

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

Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of JBG SMITH Properties in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, JBG SMITH Properties presently has an average rating of "Sell" and a consensus target price of $18.50.

JBG SMITH Properties Trading Up 0.9%

JBGS opened at $15.55 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 4.53 and a quick ratio of 3.63. The company has a market cap of $905.71 million, a price-to-earnings ratio of -8.31 and a beta of 1.09. The firm has a 50 day simple moving average of $15.02 and a 200 day simple moving average of $16.71. JBG SMITH Properties has a fifty-two week low of $14.03 and a fifty-two week high of $24.30.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%. The firm had revenue of $127.60 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JBGS. Morgan Stanley grew its position in JBG SMITH Properties by 56.5% in the fourth quarter. Morgan Stanley now owns 3,376,120 shares of the company's stock valued at $57,428,000 after purchasing an additional 1,218,460 shares in the last quarter. Long Pond Capital LP grew its position in JBG SMITH Properties by 28.4% in the fourth quarter. Long Pond Capital LP now owns 4,147,399 shares of the company's stock valued at $70,547,000 after purchasing an additional 918,505 shares in the last quarter. Wellington Management Group LLP bought a new position in JBG SMITH Properties in the third quarter valued at $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in JBG SMITH Properties by 554.4% in 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 valued at $10,847,000 after purchasing an additional 570,428 shares in the last quarter. Finally, Millennium Management LLC grew its position in JBG SMITH Properties by 263.3% in the third quarter. Millennium Management LLC now owns 535,496 shares of the company's stock valued at $11,915,000 after purchasing an additional 388,113 shares in the last quarter. Institutional investors own 98.46% of the company's stock.

About JBG SMITH Properties

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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