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

Key Points

• Wall Street Zen upgraded JBG SMITH Properties from a "sell" to a "hold" rating, indicating a more favorable outlook for the stock.
• Evercore ISI raised the target price for JBG SMITH Properties from $16.00 to $17.00, while maintaining an "underperform" rating.
• JBG SMITH Properties reported a quarterly earnings per share of $0.19, significantly beating analyst estimates of ($0.54).

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

Separately, Evercore ISI lifted their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a report on Monday, May 19th.

JBG SMITH Properties Stock Down 1.3%

JBGS opened at $20.91 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of -11.06 and a beta of 1.28. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.40 and a current ratio of 3.54. The business has a 50 day moving average price of $18.06 and a 200 day moving average price of $16.25. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $22.45.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.54) by $0.73. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%. The company had revenue of $126.48 million for the quarter, compared to analyst estimates of $116.76 million.

Insider Buying and Selling at JBG SMITH Properties

In other JBG SMITH Properties news, CAO Angela Valdes sold 10,098 shares of the firm's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total value of $217,409.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CIO George Laucks Xanders sold 5,600 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the transaction, the executive owned 2,750 shares in the company, valued at approximately $59,317.50. The trade was a 67.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.40% of the company's stock.

Institutional Investors Weigh In On JBG SMITH Properties

Several hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC raised its holdings in JBG SMITH Properties by 814.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock valued at $40,000 after acquiring an additional 2,289 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of JBG SMITH Properties by 1,052.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock worth $42,000 after purchasing an additional 2,390 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of JBG SMITH Properties by 113.7% during the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock worth $54,000 after purchasing an additional 1,795 shares in the last quarter. US Bancorp DE increased its position in shares of JBG SMITH Properties by 123.6% during the first quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after purchasing an additional 2,093 shares during the period. Finally, MAI Capital Management raised its stake in shares of JBG SMITH Properties by 103.5% in the first quarter. MAI Capital Management now owns 4,184 shares of the company's stock valued at $67,000 after purchasing an additional 2,128 shares in the last quarter. Institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.

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