JBG SMITH Properties (NYSE:JBGS) Cut to “Sell” at Wall Street Zen

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

A number of other equities analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Friday, September 4th. BMO Capital Markets reissued an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Finally, Evercore reaffirmed an “underperform” rating and set a $12.00 target price on shares of JBG SMITH Properties in a report on Monday, September 21st. Three equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Sell” and a consensus target price of $14.67.

JBG SMITH Properties Stock Performance

JBGS opened at $10.20 on Friday. JBG SMITH Properties has a 12-month low of $10.13 and a 12-month high of $22.38. The stock has a market cap of $597.57 million, a price-to-earnings ratio of -3.91 and a beta of 1.07. The business has a 50 day moving average of $12.17 and a 200-day moving average of $13.88. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.1750 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.70 annualized dividend and a yield of 6.9%. JBG SMITH Properties’s payout ratio is -26.82%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of JBG SMITH Properties in the second quarter valued at about $164,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in JBG SMITH Properties by 16,414.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company’s stock worth $7,331,000 after acquiring an additional 496,696 shares during the period. Bank of New York Mellon Corp bought a new position in JBG SMITH Properties during the second quarter worth about $6,687,000. Marnell Management LLC acquired a new stake in JBG SMITH Properties in the 4th quarter worth about $6,557,000. Finally, Legal & General Group Plc acquired a new stake in JBG SMITH Properties in the 2nd quarter worth about $4,893,000. Institutional investors own 98.46% of the company’s stock.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use, multifamily and office properties in the Washington, DC, metropolitan area. The company’s portfolio includes residential communities, office buildings, retail spaces and development sites designed to support urban living and employment.

JBG SMITH has a significant presence in National Landing, the Virginia area encompassing parts of Arlington County and the City of Alexandria, including Pentagon City, Crystal City and Potomac Yard.