Zacks Investment Research Upgrades JBG SMITH Properties (JBGS) to Hold

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JBG SMITH Properties (NYSE:JBGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, September 21st.

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, Stifel Nicolaus assumed coverage on shares of JBG SMITH Properties in a research note on Thursday, June 21st. They set a “sell” rating and a $34.00 price target on the stock.

Shares of JBGS traded down $0.15 during mid-day trading on Friday, hitting $35.59. 883,983 shares of the company’s stock were exchanged, compared to its average volume of 524,421. JBG SMITH Properties has a twelve month low of $30.79 and a twelve month high of $38.91. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 20.58 and a beta of 0.08. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.69.

In other news, CIO James Lee Iker sold 23,837 shares of the stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $37.54, for a total transaction of $894,840.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 13.33% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its holdings in JBG SMITH Properties by 467.4% in the 1st quarter. Wells Fargo & Company MN now owns 78,044 shares of the company’s stock valued at $2,630,000 after purchasing an additional 99,287 shares during the period. American Century Companies Inc. bought a new stake in JBG SMITH Properties in the 1st quarter valued at $3,973,000. Swiss National Bank boosted its holdings in JBG SMITH Properties by 2.2% in the 1st quarter. Swiss National Bank now owns 164,658 shares of the company’s stock valued at $5,551,000 after purchasing an additional 3,600 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in JBG SMITH Properties by 6.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 792,294 shares of the company’s stock valued at $26,709,000 after purchasing an additional 49,336 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in JBG SMITH Properties by 38.3% in the 1st quarter. Thrivent Financial for Lutherans now owns 78,808 shares of the company’s stock valued at $2,657,000 after purchasing an additional 21,819 shares during the period. 78.68% of the stock is owned by institutional investors and hedge funds.

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. 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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