Zacks: JBG SMITH Properties (NYSE:JBGS) Receives Consensus Rating of “Hold” from Analysts

JBG SMITH Properties (NYSE:JBGS) has been given a consensus broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation.

Brokers have set a twelve-month consensus price objective of $41.00 for the company and are expecting that the company will post $0.45 EPS for the current quarter, according to Zacks. Zacks has also given JBG SMITH Properties an industry rank of 91 out of 255 based on the ratings given to related companies.

JBGS has been the topic of several recent research reports. ValuEngine downgraded JBG SMITH Properties from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Bank of America assumed coverage on JBG SMITH Properties in a report on Thursday, August 15th. They set a “neutral” rating and a $42.00 price objective on the stock. Finally, Zacks Investment Research downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Wednesday.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. bought a new position in JBG SMITH Properties in the first quarter valued at $41,000. WINTON GROUP Ltd boosted its position in JBG SMITH Properties by 0.8% during the second quarter. WINTON GROUP Ltd now owns 78,857 shares of the company’s stock valued at $3,102,000 after buying an additional 605 shares during the period. Retirement Systems of Alabama boosted its position in JBG SMITH Properties by 9.3% during the second quarter. Retirement Systems of Alabama now owns 156,972 shares of the company’s stock valued at $6,175,000 after buying an additional 13,344 shares during the period. Nisa Investment Advisors LLC boosted its position in JBG SMITH Properties by 20.1% during the second quarter. Nisa Investment Advisors LLC now owns 45,977 shares of the company’s stock valued at $1,809,000 after buying an additional 7,681 shares during the period. Finally, 6 Meridian boosted its position in JBG SMITH Properties by 2.0% during the second quarter. 6 Meridian now owns 12,974 shares of the company’s stock valued at $510,000 after buying an additional 256 shares during the period. 86.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE JBGS traded up $0.02 during mid-day trading on Tuesday, hitting $39.68. 522,969 shares of the stock traded hands, compared to its average volume of 550,731. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.65 and a quick ratio of 3.65. JBG SMITH Properties has a twelve month low of $33.30 and a twelve month high of $43.21. The company has a market cap of $5.35 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 8.86 and a beta of 0.69. The firm has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $39.73.

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

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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