JBG SMITH Properties (NYSE:JBGS) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of JBG SMITH Properties (NYSE:JBGS) from a hold rating to a sell rating in a report published on Wednesday, 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. “

Several other brokerages have also issued reports on JBGS. ValuEngine lowered shares of JBG SMITH Properties from a buy rating to a hold rating in a research note on Thursday, September 5th. Bank of America initiated coverage on shares of JBG SMITH Properties in a research note on Thursday, August 15th. They set a neutral rating and a $42.00 price target for the company.

Shares of JBGS stock opened at $39.68 on Wednesday. The company has a 50 day moving average of $39.50 and a 200-day moving average of $39.73. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.48. JBG SMITH Properties has a 12-month low of $33.30 and a 12-month high of $43.21. The firm has a market cap of $5.35 billion, a P/E ratio of 22.94, a PEG ratio of 8.86 and a beta of 0.69.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.13. JBG SMITH Properties had a net margin of 4.94% and a return on equity of 1.01%. The company had revenue of $122.33 million during the quarter, compared to analyst estimates of $119.77 million. During the same quarter last year, the business posted $0.45 EPS. JBG SMITH Properties’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts expect that JBG SMITH Properties will post 1.53 EPS for the current year.

The business also recently declared a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a dividend of $0.225 per share. The ex-dividend date is Wednesday, November 13th. JBG SMITH Properties’s payout ratio is currently 52.02%.

Several hedge funds have recently modified their holdings of JBGS. Marshall Wace North America L.P. purchased a new stake in shares of JBG SMITH Properties during the 1st quarter worth approximately $41,000. Steward Partners Investment Advisory LLC bought a new position in JBG SMITH Properties in the 2nd quarter worth approximately $54,000. Phocas Financial Corp. bought a new position in JBG SMITH Properties in the 2nd quarter worth approximately $61,000. CWM LLC bought a new position in JBG SMITH Properties in the 3rd quarter worth approximately $131,000. Finally, Machina Capital S.A.S. boosted its holdings in JBG SMITH Properties by 594.6% in the 2nd quarter. Machina Capital S.A.S. now owns 4,515 shares of the company’s stock worth $178,000 after buying an additional 3,865 shares during the period. Institutional investors own 86.65% 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. 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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