Analysts Set $42.00 Target Price for JBG SMITH Properties (NYSE:JBGS)

JBG SMITH Properties (NYSE:JBGS) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Analysts have set a twelve-month consensus price objective of $42.00 for the company and are anticipating that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also given JBG SMITH Properties an industry rank of 77 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a report on Wednesday, March 6th.

Shares of JBG SMITH Properties stock traded up $0.40 during trading on Friday, reaching $39.34. 1,326,051 shares of the company’s stock were exchanged, compared to its average volume of 491,423. The company has a current ratio of 4.57, a quick ratio of 4.57 and a debt-to-equity ratio of 0.71. JBG SMITH Properties has a 1-year low of $33.30 and a 1-year high of $43.21. The stock has a market cap of $5.22 billion, a P/E ratio of 22.74 and a beta of 0.77. The company has a 50-day simple moving average of $40.43.

Institutional investors and hedge funds have recently modified their holdings of the business. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in JBG SMITH Properties in the 1st quarter worth about $237,000. State of Tennessee Treasury Department increased its stake in shares of JBG SMITH Properties by 109.5% in the fourth quarter. State of Tennessee Treasury Department now owns 240,365 shares of the company’s stock valued at $8,367,000 after buying an additional 125,654 shares during the period. Northwood Liquid Management LP acquired a new stake in shares of JBG SMITH Properties in the fourth quarter valued at about $5,254,000. NumerixS Investment Technologies Inc acquired a new stake in shares of JBG SMITH Properties in the fourth quarter valued at about $151,000. Finally, Norges Bank acquired a new stake in shares of JBG SMITH Properties in the fourth quarter valued at about $255,294,000. 75.92% of the stock is owned by institutional investors and hedge funds.

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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