76,575 Shares in JBG SMITH Properties $JBGS Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new stake in shares of JBG SMITH Properties (NYSE:JBGS) during the third quarter, Holdings Channel.com reports. The fund bought 76,575 shares of the company’s stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in shares of JBG SMITH Properties by 62.7% during the third quarter. Farther Finance Advisors LLC now owns 4,726 shares of the company’s stock worth $47,000 after acquiring an additional 1,821 shares in the last quarter. State of Wyoming bought a new position in shares of JBG SMITH Properties in the second quarter worth $72,000. IFM Investors Pty Ltd purchased a new position in shares of JBG SMITH Properties in the first quarter valued at $141,000. Sanctuary Advisors LLC purchased a new position in shares of JBG SMITH Properties in the first quarter valued at $180,000. Finally, Susquehanna International Group LLP grew its position in shares of JBG SMITH Properties by 128.7% in the second quarter. Susquehanna International Group LLP now owns 13,062 shares of the company’s stock valued at $192,000 after purchasing an additional 58,633 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Performance

Shares of JBGS opened at $10.80 on Tuesday. JBG SMITH Properties has a 12-month low of $9.93 and a 12-month high of $21.86. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 2.35. The company has a market cap of $632.66 million, a PE ratio of -4.14 and a beta of 1.11. The stock has a 50-day moving average price of $11.34 and a 200-day moving average price of $13.45.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -26.82%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Capital One Financial set a $13.00 target price on JBG SMITH Properties in a report on Tuesday, August 4th. Evercore reaffirmed an “underperform” rating and set a $12.00 target price on shares of JBG SMITH Properties in a report on Monday, September 21st. Finally, Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday. Three research analysts have rated the stock with a Sell rating. Based on data from MarketBeat, JBG SMITH Properties presently has an average rating of “Strong Sell” and a consensus price target of $12.50.

JBG SMITH Properties Profile

JBG SMITH Properties (NYSE: JBGS) is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes office buildings, multifamily residential communities, retail space and development projects.

The company focuses on urban, transit-oriented neighborhoods in Washington, DC, Northern Virginia and suburban Maryland, with significant activities in National Landing in Arlington, Virginia, and Bethesda, Maryland.