Picton Mahoney Asset Management Takes $789,000 Position in JBG SMITH Properties $JBGS

Picton Mahoney Asset Management purchased a new position in JBG SMITH Properties (NYSE:JBGS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 35,459 shares of the company’s stock, valued at approximately $789,000. Picton Mahoney Asset Management owned about 0.06% of JBG SMITH Properties at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JBGS. CWM LLC raised its stake in JBG SMITH Properties by 65.1% in the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock valued at $29,000 after purchasing an additional 510 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in JBG SMITH Properties by 78.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock valued at $32,000 after purchasing an additional 650 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in 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. Farther Finance Advisors LLC boosted its stake in JBG SMITH Properties by 20.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,289 shares of the company’s stock worth $73,000 after purchasing an additional 569 shares during the last quarter. Finally, MAI Capital Management grew its holdings in shares of JBG SMITH Properties by 17.1% during the second quarter. MAI Capital Management now owns 4,901 shares of the company’s stock worth $85,000 after buying an additional 717 shares in the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JBGS has been the subject of a number of recent research reports. Evercore reduced their target price on shares of JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a research report on Friday, November 14th. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell” and an average price target of $18.50.

JBG SMITH Properties Stock Performance

Shares of JBG SMITH Properties stock opened at $14.82 on Friday. The business’s 50 day moving average price is $16.44 and its 200 day moving average price is $18.78. The company has a market cap of $873.64 million, a price-to-earnings ratio of -7.02 and a beta of 1.15. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.63 and a current ratio of 3.63. JBG SMITH Properties has a one year low of $13.28 and a one year high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last issued its earnings results on Tuesday, February 17th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.31). JBG SMITH Properties had a negative net margin of 27.89% and a negative return on equity of 10.61%. The company had revenue of $127.56 million during the quarter, compared to analysts’ expectations of $122.44 million.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Tuesday, December 30th were issued a $0.175 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.7%. JBG SMITH Properties’s dividend payout ratio is currently -33.18%.

About JBG SMITH Properties

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.