JBG SMITH Properties (NYSE:JBGS) Stock Rating Upgraded by Wall Street Zen

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 equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Separately, Evercore ISI increased their price objective on 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 Price Performance

JBG SMITH Properties stock traded down $0.18 during midday trading on Friday, hitting $20.25. 241,444 shares of the company's stock were exchanged, compared to its average volume of 1,168,365. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $22.45. The stock has a 50-day moving average price of $18.21 and a two-hundred day moving average price of $16.33. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. The company has a market cap of $1.25 billion, a P/E ratio of -10.71 and a beta of 1.28.

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

Insiders Place Their Bets

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

Hedge Funds Weigh In On JBG SMITH Properties

Several institutional investors and hedge funds have recently bought and sold shares of JBGS. KLP Kapitalforvaltning AS purchased a new position in JBG SMITH Properties during the fourth quarter valued at $245,000. JPMorgan Chase & Co. lifted its position in JBG SMITH Properties by 12.6% during the fourth quarter. JPMorgan Chase & Co. now owns 741,071 shares of the company's stock valued at $11,390,000 after purchasing an additional 82,779 shares in the last quarter. Norges Bank purchased a new position in JBG SMITH Properties during the fourth quarter valued at $3,837,000. ExodusPoint Capital Management LP purchased a new position in JBG SMITH Properties during the fourth quarter valued at $626,000. Finally, Yoffe Investment Management LLC purchased a new position in shares of JBG SMITH Properties in the fourth quarter valued at about $169,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

About JBG SMITH Properties

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.