ValuEngine Lowers JBG SMITH Properties (NYSE:JBGS) to Hold

JBG SMITH Properties (NYSE:JBGS) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report issued on Friday, November 2nd.

Several other research firms have also recently weighed in on JBGS. Zacks Investment Research raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Stifel Nicolaus raised JBG SMITH Properties from a “sell” rating to a “hold” rating and increased their price target for the company from $34.00 to $37.00 in a research report on Monday, October 22nd.

Shares of JBGS stock traded up $0.12 on Friday, hitting $39.04. 619,356 shares of the stock were exchanged, compared to its average volume of 859,272. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.41 and a quick ratio of 3.41. The stock has a market capitalization of $4.75 billion, a P/E ratio of 22.67 and a beta of -0.02. JBG SMITH Properties has a fifty-two week low of $30.86 and a fifty-two week high of $40.39.

In other news, CIO James Lee Iker sold 23,837 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $37.54, for a total value of $894,840.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.33% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBGS. Teachers Insurance & Annuity Association of America increased its stake in shares of JBG SMITH Properties by 1.1% during the third quarter. Teachers Insurance & Annuity Association of America now owns 133,635 shares of the company’s stock worth $4,922,000 after purchasing an additional 1,454 shares during the period. American International Group Inc. increased its stake in shares of JBG SMITH Properties by 17.2% during the third quarter. American International Group Inc. now owns 220,039 shares of the company’s stock worth $8,104,000 after purchasing an additional 32,319 shares during the period. BlackRock Inc. increased its stake in shares of JBG SMITH Properties by 14.3% during the third quarter. BlackRock Inc. now owns 12,609,716 shares of the company’s stock worth $464,418,000 after purchasing an additional 1,573,860 shares during the period. Third Avenue Management LLC increased its stake in shares of JBG SMITH Properties by 95.6% during the third quarter. Third Avenue Management LLC now owns 629,885 shares of the company’s stock worth $23,199,000 after purchasing an additional 307,848 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of JBG SMITH Properties by 10.8% during the third quarter. Bank of New York Mellon Corp now owns 1,304,156 shares of the company’s stock worth $48,031,000 after purchasing an additional 127,025 shares during the period. 78.50% of the stock is owned by institutional investors.

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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