Zacks Investment Research upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a sell rating to a hold rating in a research note published on Wednesday morning, 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. “
NYSE JBGS traded down $0.61 during trading on Wednesday, reaching $39.72. The company’s stock had a trading volume of 400,400 shares, compared to its average volume of 602,120. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.57 and a quick ratio of 4.57. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 22.96 and a beta of 0.68. JBG SMITH Properties has a 12 month low of $33.30 and a 12 month high of $43.21. The company has a 50 day moving average of $40.07.
A number of hedge funds and other institutional investors have recently bought and sold shares of JBGS. Quadrant Capital Group LLC raised its position in shares of JBG SMITH Properties by 3,276.2% in the 1st quarter. Quadrant Capital Group LLC now owns 709 shares of the company’s stock valued at $28,000 after buying an additional 688 shares in the last quarter. Legacy Bridge LLC acquired a new position in shares of JBG SMITH Properties in the 1st quarter valued at approximately $31,000. Marshall Wace North America L.P. acquired a new position in shares of JBG SMITH Properties in the 1st quarter valued at approximately $41,000. NumerixS Investment Technologies Inc acquired a new position in shares of JBG SMITH Properties in the 4th quarter valued at approximately $151,000. Finally, World Asset Management Inc acquired a new position in shares of JBG SMITH Properties in the 1st quarter valued at approximately $211,000. 75.92% of the stock is owned by hedge funds and other institutional investors.
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. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.
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