JBG SMITH Properties $JBGS Stake Raised by Private Management Group Inc.

Private Management Group Inc. increased its position in shares of JBG SMITH Properties (NYSE:JBGS) by 68.8% during the third quarter, HoldingsChannel.com reports. The fund owned 2,832,828 shares of the company’s stock after acquiring an additional 1,155,019 shares during the period. Private Management Group Inc.’s holdings in JBG SMITH Properties were worth $28,442,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JBGS. Parallel Advisors LLC grew its position in shares of JBG SMITH Properties by 496.9% during the 3rd quarter. Parallel Advisors LLC now owns 6,321 shares of the company’s stock valued at $63,000 after purchasing an additional 5,262 shares in the last quarter. May Hill Capital LLC increased its holdings in shares of JBG SMITH Properties by 6.2% in the third quarter. May Hill Capital LLC now owns 14,731 shares of the company’s stock worth $148,000 after purchasing an additional 863 shares during the period. CenterBook Partners LP purchased a new stake in shares of JBG SMITH Properties in the third quarter worth $1,577,000. Bfsg LLC raised its position in shares of JBG SMITH Properties by 89.7% in the third quarter. Bfsg LLC now owns 19,765 shares of the company’s stock worth $198,000 after buying an additional 9,345 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of JBG SMITH Properties by 8.0% in the third quarter. Asset Management One Co. Ltd. now owns 84,025 shares of the company’s stock worth $844,000 after buying an additional 6,243 shares in the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Trading Down 0.3%

JBGS opened at $12.40 on Tuesday. The firm has a market capitalization of $726.22 million, a price-to-earnings ratio of -3.50 and a beta of 1.12. JBG SMITH Properties has a one year low of $9.93 and a one year high of $18.71. The business has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $13.83. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results on Friday, November 6th. The company reported ($1.41) earnings per share (EPS) for the quarter. The business had revenue of $132.41 million for the quarter. JBG SMITH Properties had a negative net margin of 29.89% and a negative return on equity of 13.31%.

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Thursday, November 12th will be issued a $0.1750 dividend. The ex-dividend date is Thursday, November 12th. This represents a $0.70 annualized dividend and a yield of 5.6%. JBG SMITH Properties’s payout ratio is -19.77%.

Analysts Set New Price Targets

Several research firms recently commented on JBGS. Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Friday, September 4th. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. Evercore reaffirmed an “underperform” rating and issued a $12.00 price target on shares of JBG SMITH Properties in a report on Monday, September 21st. Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Finally, BMO Capital Markets restated an “underperform” rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Sell” and a consensus price target of $12.50.

JBG SMITH Properties Profile

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.

The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH’s activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.