Allianz Asset Management GmbH Has $9.19 Million Stock Position in JBG SMITH Properties $JBGS

Allianz Asset Management GmbH grew its position in shares of JBG SMITH Properties (NYSE:JBGS) by 31.4% in the second quarter, HoldingsChannel reports. The fund owned 531,072 shares of the company’s stock after acquiring an additional 126,935 shares during the period. Allianz Asset Management GmbH’s holdings in JBG SMITH Properties were worth $9,188,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JBGS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in JBG SMITH Properties by 554.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock worth $10,847,000 after acquiring an additional 570,428 shares during the last quarter. Nuveen LLC acquired a new position in JBG SMITH Properties during the 1st quarter worth approximately $4,364,000. Victory Capital Management Inc. boosted its position in JBG SMITH Properties by 167.7% during the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company’s stock worth $4,118,000 after acquiring an additional 160,132 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in JBG SMITH Properties by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company’s stock worth $37,033,000 after acquiring an additional 78,737 shares during the last quarter. Finally, Invesco Ltd. boosted its position in JBG SMITH Properties by 10.5% during the 1st quarter. Invesco Ltd. now owns 763,548 shares of the company’s stock worth $12,301,000 after acquiring an additional 72,318 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Insiders Place Their Bets

In related news, insider Evan Regan-Levine sold 5,714 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $23.62, for a total value of $134,964.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Steven A. Museles sold 1,295 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $23.40, for a total value of $30,303.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,457 shares of company stock worth $661,800 in the last quarter. Insiders own 4.40% of the company’s stock.

JBG SMITH Properties Stock Up 1.4%

JBGS opened at $20.64 on Wednesday. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $24.30. The stock’s fifty day simple moving average is $21.68 and its 200 day simple moving average is $18.71. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 1.88. The stock has a market cap of $1.27 billion, a PE ratio of -10.92 and a beta of 1.35.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.73. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%.The business had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $116.76 million.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Thursday, August 7th. JBG SMITH Properties’s dividend payout ratio is -37.04%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. New Street Research set a $19.00 price target on JBG SMITH Properties in a research report on Thursday, October 9th. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings restated a “sell (d)” rating on shares of JBG SMITH Properties in a report on Wednesday, October 8th. Finally, Evercore ISI lowered their target price on shares of JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a report on Thursday, October 9th. Three research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has an average rating of “Strong Sell” and a consensus target price of $17.67.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.