Intech Investment Management LLC lifted its position in shares of JBG SMITH Properties (NYSE:JBGS – Free Report) by 357.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,649 shares of the company’s stock after purchasing an additional 105,201 shares during the period. Intech Investment Management LLC’s holdings in JBG SMITH Properties were worth $2,290,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of JBG SMITH Properties by 78.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock worth $32,000 after purchasing an additional 650 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in shares of JBG SMITH Properties by 151.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after purchasing an additional 987 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of JBG SMITH Properties by 113.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock worth $57,000 after purchasing an additional 1,741 shares during the last quarter. US Bancorp DE increased its stake in shares of JBG SMITH Properties by 26.3% during the 3rd quarter. US Bancorp DE now owns 5,030 shares of the company’s stock worth $112,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of JBG SMITH Properties by 193.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 8,196 shares of the company’s stock worth $182,000 after purchasing an additional 5,407 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell” and an average price target of $18.50.
JBG SMITH Properties Stock Down 2.4%
JBG SMITH Properties stock opened at $14.40 on Thursday. The firm has a market capitalization of $839.12 million, a PE ratio of -7.70 and a beta of 1.08. The company’s 50-day moving average is $14.91 and its 200-day moving average is $16.04. JBG SMITH Properties has a fifty-two week low of $13.99 and a fifty-two week high of $24.30. The company has a debt-to-equity ratio of 2.22, a current ratio of 4.53 and a quick ratio of 4.53.
JBG SMITH Properties (NYSE:JBGS – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. The company had revenue of $127.60 million for the quarter. JBG SMITH Properties had a negative return on equity of 9.32% and a negative net margin of 22.16%.
JBG SMITH Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. JBG SMITH Properties’s payout ratio is presently -37.43%.
JBG SMITH Properties Company Profile
JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.
The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.
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