Public Employees Retirement System of Ohio bought a new position in shares of JBG SMITH Properties (NYSE:JBGS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 70,666 shares of the company’s stock, valued at approximately $1,037,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in JBG SMITH Properties by 32.1% during the 1st quarter. Royal Bank of Canada now owns 31,940 shares of the company’s stock worth $515,000 after buying an additional 7,759 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of JBG SMITH Properties in the 1st quarter valued at about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of JBG SMITH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company’s stock valued at $781,000 after acquiring an additional 2,118 shares in the last quarter. Empowered Funds LLC increased its position in shares of JBG SMITH Properties by 12.8% in the first quarter. Empowered Funds LLC now owns 17,555 shares of the company’s stock valued at $283,000 after acquiring an additional 1,998 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of JBG SMITH Properties by 554.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock valued at $10,847,000 after acquiring an additional 570,428 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
JBGS has been the subject of several recent research reports. Capital One Financial set a $13.00 price target on JBG SMITH Properties in a research report on Tuesday, August 4th. BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday. Finally, Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Sunday. Three investment analysts have rated the stock with a Sell rating, According to MarketBeat, JBG SMITH Properties currently has an average rating of “Strong Sell” and a consensus target price of $16.67.
JBG SMITH Properties Price Performance
NYSE:JBGS opened at $11.44 on Wednesday. JBG SMITH Properties has a 12-month low of $10.77 and a 12-month high of $24.30. The firm has a market capitalization of $669.86 million, a price-to-earnings ratio of -4.38 and a beta of 1.07. The stock’s 50 day moving average price is $13.26 and its two-hundred day moving average price is $14.30. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35.
JBG SMITH Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio is -26.82%.
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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