JBG SMITH Properties (NYSE:JBGS) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of JBG SMITH Properties (NYSE:JBGS) from a hold rating to a buy rating in a report released on Tuesday morning, Zacks.com reports. The firm currently has $33.00 price objective on the stock.

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. “

Separately, BMO Capital Markets began coverage on JBG SMITH Properties in a report on Monday, July 12th. They issued an outperform rating and a $40.00 target price for the company.

Shares of JBGS stock opened at $29.93 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.68 and a quick ratio of 4.68. The company has a market cap of $3.95 billion, a price-to-earnings ratio of -41.00, a PEG ratio of 2.26 and a beta of 0.89. The stock has a 50 day simple moving average of $30.68 and a 200-day simple moving average of $31.83. JBG SMITH Properties has a 1-year low of $22.63 and a 1-year high of $34.98.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.36). JBG SMITH Properties had a negative return on equity of 2.85% and a negative net margin of 14.87%. Analysts anticipate that JBG SMITH Properties will post 1.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Friday, August 13th were issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, August 12th. JBG SMITH Properties’s dividend payout ratio (DPR) is 75.63%.

Institutional investors have recently made changes to their positions in the stock. West Branch Capital LLC acquired a new stake in JBG SMITH Properties in the 2nd quarter valued at about $27,000. Marshall Wace North America L.P. acquired a new stake in JBG SMITH Properties in the 1st quarter valued at about $41,000. Arkadios Wealth Advisors raised its position in JBG SMITH Properties by 252.9% in the 2nd quarter. Arkadios Wealth Advisors now owns 1,048 shares of the company’s stock valued at $33,000 after purchasing an additional 751 shares in the last quarter. PNC Managed Account Solutions Inc. acquired a new stake in JBG SMITH Properties in the 2nd quarter valued at about $35,000. Finally, Eagle Bay Advisors LLC acquired a new stake in JBG SMITH Properties in the 2nd quarter valued at about $40,000. Institutional investors own 79.14% of the company’s stock.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust. The firm engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Commercial, Multifamily, and Other. The company was founded on October 27, 2016 and is headquartered in Bethesda, MD.

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