Bessemer Group Inc. Raises Stock Position in JBG SMITH Properties $JBGS

Bessemer Group Inc. boosted its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 34.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 397,711 shares of the company’s stock after acquiring an additional 102,557 shares during the period. Bessemer Group Inc.’s holdings in JBG SMITH Properties were worth $5,811,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in JBG SMITH Properties by 7,444.7% during the fourth quarter. SG Americas Securities LLC now owns 382,971 shares of the company’s stock worth $6,514,000 after acquiring an additional 377,895 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in JBG SMITH Properties in the 4th quarter valued at about $1,364,000. Intech Investment Management LLC raised its holdings in JBG SMITH Properties by 357.2% in the 4th quarter. Intech Investment Management LLC now owns 134,649 shares of the company’s stock valued at $2,290,000 after acquiring an additional 105,201 shares during the last quarter. Marnell Management LLC purchased a new position in JBG SMITH Properties in the 4th quarter worth approximately $6,557,000. Finally, Kera Capital Partners Inc. purchased a new position in JBG SMITH Properties in the 4th quarter worth approximately $241,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties Trading Down 2.2%

Shares of JBGS opened at $14.56 on Tuesday. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22. JBG SMITH Properties has a 12-month low of $13.71 and a 12-month high of $24.30. The firm has a 50-day moving average price of $14.65 and a 200 day moving average price of $15.36. The firm has a market capitalization of $848.27 million, a P/E ratio of -7.79 and a beta of 1.07.

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

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.8%. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -37.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JBGS shares. Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, JBG SMITH Properties currently has an average rating of “Sell” and a consensus price target of $18.50.

Insider Activity at JBG SMITH Properties

In other news, insider Steven A. Museles sold 20,010 shares of JBG SMITH Properties 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 sale, the insider owned 12,032 shares of the company’s stock, valued at approximately $180,600.32. The trade was a 62.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.90% of the company’s stock.

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.