Yorkville Advisors Global LP Takes $2.10 Million Position in JBG SMITH Properties $JBGS

Yorkville Advisors Global LP acquired a new stake in JBG SMITH Properties (NYSE:JBGS) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 143,918 shares of the company’s stock, valued at approximately $2,103,000. JBG SMITH Properties comprises about 1.3% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 11th largest holding. Yorkville Advisors Global LP owned about 0.25% of JBG SMITH Properties at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in JBGS. Morgan Stanley boosted its position in JBG SMITH Properties by 56.5% during the 4th quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock worth $57,428,000 after buying an additional 1,218,460 shares during the period. Long Pond Capital LP increased its position in JBG SMITH Properties by 28.4% in the 4th quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock valued at $70,547,000 after acquiring an additional 918,505 shares during the period. Wellington Management Group LLP bought a new position in shares of JBG SMITH Properties during the third quarter valued at $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of JBG SMITH Properties by 554.4% during 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. Finally, Millennium Management LLC lifted its holdings in shares of JBG SMITH Properties by 263.3% during the third quarter. Millennium Management LLC now owns 535,496 shares of the company’s stock worth $11,915,000 after purchasing an additional 388,113 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analysts Set New Price Targets

JBGS has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Monday, June 8th. Wall Street Zen raised 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 company has a consensus rating of “Sell” and an average price target of $18.50.

Insider Activity

In other news, insider Steven A. Museles sold 20,010 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction of $300,350.10. Following the completion of the sale, the insider owned 12,032 shares of the company’s stock, valued at $180,600.32. This trade represents a 62.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 11.90% of the company’s stock.

JBG SMITH Properties Stock Performance

JBGS stock opened at $14.38 on Thursday. The firm has a market cap of $837.55 million, a PE ratio of -7.69 and a beta of 1.07. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22. The stock has a 50-day moving average price of $14.63 and a 200-day moving average price of $15.32. JBG SMITH Properties has a 1-year low of $13.71 and a 1-year high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%. The business had revenue of $127.60 million for the quarter.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Thursday, May 14th. JBG SMITH Properties’s dividend 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.