JBG SMITH Properties (NYSE:JBGS) Raised to “Hold” at Zacks Investment Research

JBG SMITH Properties (NYSE:JBGSGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday, 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 started coverage on shares of JBG SMITH Properties in a research note on Wednesday, January 5th. They set an “outperform” rating and a $37.00 target price on the stock.

JBGS stock opened at $26.69 on Thursday. The company has a current ratio of 5.08, a quick ratio of 5.08 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average of $28.01 and a two-hundred day moving average of $28.43. JBG SMITH Properties has a 12 month low of $25.33 and a 12 month high of $34.98. The company has a market cap of $3.40 billion, a price-to-earnings ratio of -41.70, a PEG ratio of 2.96 and a beta of 0.86.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of JBG SMITH Properties by 4.9% during the third quarter. Bank of New York Mellon Corp now owns 1,204,191 shares of the company’s stock worth $35,656,000 after purchasing an additional 56,268 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of JBG SMITH Properties by 9.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,899 shares of the company’s stock worth $1,088,000 after acquiring an additional 3,156 shares in the last quarter. Natixis purchased a new stake in shares of JBG SMITH Properties during the third quarter worth $1,155,000. Thrivent Financial for Lutherans raised its stake in shares of JBG SMITH Properties by 1.4% in the third quarter. Thrivent Financial for Lutherans now owns 74,903 shares of the company’s stock valued at $2,218,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of JBG SMITH Properties in the third quarter valued at $354,000. Institutional investors and hedge funds own 88.83% of the company’s stock.

JBG SMITH Properties Company Profile (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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