Investors Buy JBG SMITH Properties (JBGS) on Weakness
Investors bought shares of JBG SMITH Properties (NYSE:JBGS) on weakness during trading on Tuesday. $71.32 million flowed into the stock on the tick-up and $34.40 million flowed out of the stock on the tick-down, for a money net flow of $36.92 million into the stock. Of all stocks tracked, JBG SMITH Properties had the 16th highest net in-flow for the day. JBG SMITH Properties traded down ($1.28) for the day and closed at $41.58
A number of brokerages recently weighed in on JBGS. Zacks Investment Research downgraded shares of JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, March 6th. ValuEngine upgraded shares of JBG SMITH Properties from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.
The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 24.03 and a beta of 0.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.50 and a current ratio of 4.50.
A number of hedge funds have recently made changes to their positions in JBGS. Norges Bank acquired a new stake in JBG SMITH Properties during the 4th quarter worth approximately $255,294,000. Deutsche Bank AG raised its holdings in JBG SMITH Properties by 236.2% during the 4th quarter. Deutsche Bank AG now owns 2,655,954 shares of the company’s stock worth $92,450,000 after buying an additional 1,866,026 shares during the period. Massachusetts Institute of Technology acquired a new stake in JBG SMITH Properties during the 4th quarter worth approximately $59,884,000. Oregon Public Employees Retirement Fund raised its holdings in JBG SMITH Properties by 3,734.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,502,086 shares of the company’s stock worth $43,000 after buying an additional 1,462,915 shares during the period. Finally, BlackRock Inc. raised its holdings in JBG SMITH Properties by 3.1% during the 4th quarter. BlackRock Inc. now owns 12,999,208 shares of the company’s stock worth $452,502,000 after buying an additional 389,492 shares during the period. Hedge funds and other institutional investors own 89.21% of the company’s stock.
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JBG SMITH Properties Company Profile (NYSE:JBGS)
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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