VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in JBG SMITH Properties $JBGS

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in JBG SMITH Properties (NYSE:JBGS) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 149,400 shares of the company’s stock, valued at approximately $3,324,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.24% of JBG SMITH Properties at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of 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 acquiring an additional 510 shares during the period. EverSource Wealth Advisors LLC lifted its stake in JBG SMITH Properties by 113.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after purchasing an additional 1,741 shares during the last quarter. MAI Capital Management grew its holdings in JBG SMITH Properties by 103.5% during the first quarter. MAI Capital Management now owns 4,184 shares of the company’s stock worth $67,000 after purchasing an additional 2,128 shares during the period. Farther Finance Advisors LLC grew its holdings in JBG SMITH Properties by 20.9% during the third 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 period. Finally, Manchester Capital Management LLC acquired a new position in JBG SMITH Properties during the second quarter worth approximately $96,000. 98.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JBGS has been the subject of a number of recent analyst reports. Wall Street Zen cut JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JBG SMITH Properties in a report on Wednesday, October 8th. Evercore ISI reduced their price objective 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. Finally, New Street Research set a $19.00 price objective on shares of JBG SMITH Properties in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus target price of $18.50.

Insider Transactions at JBG SMITH Properties

In other JBG SMITH Properties news, insider Steven A. Museles sold 16,253 shares of the stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $19.58, for a total transaction of $318,233.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is owned by corporate insiders.

JBG SMITH Properties Stock Performance

NYSE:JBGS opened at $17.01 on Friday. The stock has a 50 day simple moving average of $18.12 and a 200 day simple moving average of $19.52. The stock has a market cap of $1.01 billion, a P/E ratio of -8.30 and a beta of 1.15. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $24.30. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 2.06.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.64. The firm had revenue of $123.87 million for the quarter, compared to analysts’ expectations of $120.57 million. JBG SMITH Properties had a negative return on equity of 10.41% and a negative net margin of 30.57%.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 13th. Shareholders of record on Tuesday, December 30th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.1%. JBG SMITH Properties’s payout ratio is currently -34.15%.

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.