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

Wall Street Zen upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a sell rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.

A number of other research analysts also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. Capital One Financial set a $13.00 target price on JBG SMITH Properties in a research report on Tuesday, August 4th. Finally, BMO Capital Markets restated an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Three analysts have rated the stock with a Sell rating, According to MarketBeat, JBG SMITH Properties presently has an average rating of “Strong Sell” and a consensus target price of $16.67.

JBG SMITH Properties Price Performance

NYSE:JBGS opened at $11.72 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89. The company has a 50 day moving average price of $13.39 and a 200-day moving average price of $14.36. JBG SMITH Properties has a 1-year low of $10.77 and a 1-year high of $24.30. The firm has a market cap of $686.56 million, a price-to-earnings ratio of -4.49 and a beta of 1.07.

JBG SMITH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -26.82%.

Institutional Trading of JBG SMITH Properties

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new stake in JBG SMITH Properties in the 2nd quarter valued at about $164,185,000. Bank of New York Mellon Corp acquired a new position in shares of JBG SMITH Properties during the 2nd quarter worth approximately $6,687,000. Yorkville Advisors Global LP acquired a new position in shares of JBG SMITH Properties during the 1st quarter worth approximately $2,103,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of JBG SMITH Properties in the second quarter valued at approximately $751,000. Finally, Bessemer Group Inc. grew its position in shares of JBG SMITH Properties by 34.7% in the first quarter. Bessemer Group Inc. now owns 397,711 shares of the company’s stock valued at $5,811,000 after purchasing an additional 102,557 shares in the last quarter. Institutional investors and hedge funds 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.