JBG SMITH Properties (JBGS) Lowered to “Sell” at Zacks Investment Research

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Zacks Investment Research lowered shares of JBG SMITH Properties (NYSE:JBGS) from a hold rating to a sell rating in a research report released on Thursday, 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. “

Separately, ValuEngine upgraded shares of JBG SMITH Properties from a hold rating to a buy rating in a report on Monday, February 4th.

NYSE:JBGS traded down $0.35 during trading hours on Thursday, reaching $41.16. The company’s stock had a trading volume of 24,280 shares, compared to its average volume of 633,934. The stock has a market capitalization of $5.54 billion, a PE ratio of 23.72 and a beta of 0.72. JBG SMITH Properties has a one year low of $33.30 and a one year high of $43.21. The company has a current ratio of 4.57, a quick ratio of 4.57 and a debt-to-equity ratio of 0.71.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Friday, May 10th. JBG SMITH Properties’s dividend payout ratio (DPR) is 52.02%.

In related news, Director Michael J. Glosserman sold 40,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $40.65, for a total value of $1,626,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Glosserman sold 20,000 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $40.58, for a total transaction of $811,600.00. The disclosure for this sale can be found here. Insiders have sold 218,437 shares of company stock valued at $8,918,042 over the last 90 days. Corporate insiders own 8.92% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBGS. Norges Bank bought a new stake in shares of JBG SMITH Properties in the fourth quarter valued at about $255,294,000. Deutsche Bank AG lifted its stake in shares of JBG SMITH Properties by 236.2% in the fourth quarter. Deutsche Bank AG now owns 2,655,954 shares of the company’s stock valued at $92,450,000 after buying an additional 1,866,026 shares during the period. Massachusetts Institute of Technology bought a new stake in shares of JBG SMITH Properties in the fourth quarter valued at about $59,884,000. Oregon Public Employees Retirement Fund lifted its stake in shares of JBG SMITH Properties by 3,734.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,502,086 shares of the company’s stock valued at $43,000 after buying an additional 1,462,915 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of JBG SMITH Properties by 9.9% in the first quarter. JPMorgan Chase & Co. now owns 4,587,449 shares of the company’s stock valued at $189,691,000 after buying an additional 413,697 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

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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