Shares of JBG SMITH Properties (NYSE:JBGS) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price objective of $40.00 for the company and are anticipating that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given JBG SMITH Properties an industry rank of 146 out of 255 based on the ratings given to its competitors.
Several equities research analysts have issued reports on JBGS shares. Zacks Investment Research cut shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 17th. ValuEngine upgraded shares of JBG SMITH Properties from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th.
In other JBG SMITH Properties news, Director Michael J. Glosserman sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $40.58, for a total transaction of $811,600.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael J. Glosserman sold 60,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $40.75, for a total transaction of $2,445,000.00. The disclosure for this sale can be found here. Insiders own 8.92% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in JBG SMITH Properties by 12.4% during the fourth quarter. Geode Capital Management LLC now owns 1,382,879 shares of the company’s stock worth $48,138,000 after buying an additional 152,522 shares in the last quarter. Norges Bank purchased a new stake in JBG SMITH Properties during the fourth quarter worth $255,294,000. HRT Financial LLC purchased a new stake in JBG SMITH Properties during the fourth quarter worth $233,000. Millennium Management LLC purchased a new stake in JBG SMITH Properties during the fourth quarter worth $1,887,000. Finally, Colony Group LLC purchased a new stake in JBG SMITH Properties during the fourth quarter worth $287,000. Institutional investors and hedge funds own 84.02% of the company’s stock.
JBG SMITH Properties stock traded up $0.55 during trading hours on Friday, hitting $41.59. The company had a trading volume of 2,279,932 shares, compared to its average volume of 580,277. The stock has a market cap of $5.03 billion, a price-to-earnings ratio of 23.47 and a beta of 0.73. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.50 and a quick ratio of 4.50. JBG SMITH Properties has a 1 year low of $31.55 and a 1 year high of $41.64.
JBG SMITH Properties Company Profile
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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