Teachers Insurance & Annuity Association of America lowered its position in JBG SMITH Properties (NYSE:JBGS) by 54.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,258 shares of the company’s stock after selling 53,061 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in JBG SMITH Properties were worth $1,741,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in JBG SMITH Properties by 3,276.2% during the 1st quarter. Quadrant Capital Group LLC now owns 709 shares of the company’s stock valued at $28,000 after purchasing an additional 688 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of JBG SMITH Properties during the first quarter valued at approximately $41,000. Steward Partners Investment Advisory LLC bought a new position in shares of JBG SMITH Properties during the second quarter valued at approximately $54,000. Machina Capital S.A.S. grew its stake in shares of JBG SMITH Properties by 594.6% during the second quarter. Machina Capital S.A.S. now owns 4,515 shares of the company’s stock valued at $178,000 after buying an additional 3,865 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of JBG SMITH Properties in the first quarter worth approximately $221,000. 86.15% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently issued reports on JBGS. Bank of America initiated coverage on JBG SMITH Properties in a report on Thursday, August 15th. They set a “neutral” rating and a $42.00 price objective for the company. Zacks Investment Research upgraded JBG SMITH Properties from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research report on Tuesday, August 13th. Finally, ValuEngine lowered shares of JBG SMITH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th.
Shares of JBG SMITH Properties stock traded up $0.02 on Wednesday, hitting $39.02. 25,845 shares of the company traded hands, compared to its average volume of 482,810. The company has a current ratio of 3.65, a quick ratio of 3.65 and a debt-to-equity ratio of 0.48. The company has a market cap of $5.25 billion, a PE ratio of 22.54, a PEG ratio of 6.33 and a beta of 0.68. The stock’s 50 day moving average price is $38.59 and its 200-day moving average price is $40.28. JBG SMITH Properties has a 52 week low of $33.30 and a 52 week high of $43.21.
JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.28 by $0.13. The company had revenue of $122.33 million for the quarter, compared to the consensus estimate of $119.77 million. JBG SMITH Properties had a return on equity of 1.45% and a net margin of 7.12%. JBG SMITH Properties’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business posted $0.45 EPS. As a group, research analysts anticipate that JBG SMITH Properties will post 1.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Tuesday, August 13th were issued a $0.225 dividend. The ex-dividend date was Monday, August 12th. This represents a $0.90 annualized dividend and a dividend yield of 2.31%. JBG SMITH Properties’s payout ratio is currently 52.02%.
JBG SMITH Properties Company Profile
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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