ValuEngine Lowers JBG SMITH Properties (JBGS) to Hold

ValuEngine cut shares of JBG SMITH Properties (NYSE:JBGS) from a buy rating to a hold rating in a report published on Friday.

Several other equities research analysts have also recently weighed in on JBGS. Stifel Nicolaus upgraded JBG SMITH Properties from a sell rating to a hold rating and upped their target price for the stock from $34.00 to $37.00 in a research note on Monday, October 22nd. Zacks Investment Research cut JBG SMITH Properties from a hold rating to a sell rating in a research note on Wednesday, August 22nd.

Shares of NYSE:JBGS opened at $37.45 on Friday. The company has a market cap of $4.51 billion, a P/E ratio of 20.92 and a beta of -0.02. JBG SMITH Properties has a 1 year low of $30.86 and a 1 year high of $38.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.41 and a current ratio of 3.41.

The firm also recently announced a dividend, which will be paid on Monday, November 26th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, November 9th.

In other JBG SMITH Properties news, CIO James Lee Iker sold 23,837 shares of the company’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $37.54, for a total transaction of $894,840.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.33% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Westbourne Investment Advisors Inc. bought a new position in shares of JBG SMITH Properties in the 3rd quarter valued at $108,000. US Bancorp DE lifted its stake in shares of JBG SMITH Properties by 129.9% in the 2nd quarter. US Bancorp DE now owns 3,058 shares of the company’s stock valued at $112,000 after acquiring an additional 1,728 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new position in shares of JBG SMITH Properties in the 3rd quarter valued at $217,000. Gideon Capital Advisors Inc. bought a new position in shares of JBG SMITH Properties in the 2nd quarter valued at $221,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new position in shares of JBG SMITH Properties in the 2nd quarter valued at $238,000. Institutional investors own 78.50% of the company’s stock.

About JBG SMITH Properties

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.

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