Fly News Breaks for August 15, 2019
JBGS
Aug 15, 2019 | 06:34 EDT
BofA/Merrill analyst James Feldman initiated JBG Smith Properties with a Neutral rating and a price target of $42. The analyst views the company as a "skilled local sharpshooter in the DC market" offering a strong operating platform. Feldman also cites the REIT's "deep relationships" and unique space demand drivers across the portfolio, with land assets that would allow it to double its portfolio, but also sees the share price reflecting its fundamentals.
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