JBG SMITH Properties (NYSE:JBGS) Downgraded by Zacks Investment Research to “Sell”

JBG SMITH Properties (NYSE:JBGSGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “JBG SMITH Properties is a real estate company. It manages residential, office, retail and mixed-use properties. JBG SMITH Properties is based in Arlington, United States. “

Separately, Wolfe Research initiated coverage on JBG SMITH Properties in a research report on Wednesday, January 5th. They set an “outperform” rating and a $37.00 price target on the stock.

NYSE JBGS opened at $27.34 on Tuesday. The company has a market cap of $3.48 billion, a price-to-earnings ratio of -42.72, a PEG ratio of 3.09 and a beta of 0.85. JBG SMITH Properties has a one year low of $25.33 and a one year high of $34.98. The stock’s 50 day simple moving average is $28.07. The company has a debt-to-equity ratio of 0.84, a quick ratio of 5.08 and a current ratio of 5.08.

JBG SMITH Properties (NYSE:JBGSGet Rating) last released its quarterly earnings results on Tuesday, February 22nd. The company reported ($0.45) EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.78). JBG SMITH Properties had a negative return on equity of 2.56% and a negative net margin of 12.49%. During the same period in the prior year, the business earned $0.25 EPS. On average, research analysts anticipate that JBG SMITH Properties will post 1.43 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of JBG SMITH Properties by 4.8% in the 4th quarter. BlackRock Inc. now owns 14,038,525 shares of the company’s stock valued at $403,046,000 after purchasing an additional 644,238 shares during the period. Norges Bank acquired a new position in shares of JBG SMITH Properties in the 4th quarter valued at $336,316,000. JPMorgan Chase & Co. lifted its stake in shares of JBG SMITH Properties by 27.3% in the 4th quarter. JPMorgan Chase & Co. now owns 6,898,081 shares of the company’s stock valued at $198,044,000 after purchasing an additional 1,481,278 shares during the period. Long Pond Capital LP lifted its stake in shares of JBG SMITH Properties by 82.5% in the 4th quarter. Long Pond Capital LP now owns 5,962,657 shares of the company’s stock valued at $171,188,000 after purchasing an additional 2,696,073 shares during the period. Finally, State Street Corp lifted its stake in shares of JBG SMITH Properties by 6.9% in the 4th quarter. State Street Corp now owns 5,745,343 shares of the company’s stock valued at $166,230,000 after purchasing an additional 368,826 shares during the period. 79.57% of the stock is currently owned by institutional investors.

About JBG SMITH Properties (Get Rating)

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.

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