Allianz Asset Management GmbH purchased a new position in shares of JBG SMITH Properties (NYSE:JBGS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 155,667 shares of the company’s stock, valued at approximately $6,124,000. Allianz Asset Management GmbH owned 0.12% of JBG SMITH Properties at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Quadrant Capital Group LLC increased its holdings in shares of JBG SMITH Properties by 3,276.2% in the 1st quarter. Quadrant Capital Group LLC now owns 709 shares of the company’s stock valued at $28,000 after purchasing an additional 688 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of JBG SMITH Properties in the 1st quarter valued at about $41,000. Steward Partners Investment Advisory LLC purchased a new position in shares of JBG SMITH Properties in the 2nd quarter valued at about $54,000. Machina Capital S.A.S. increased its holdings in shares of JBG SMITH Properties by 594.6% in the 2nd quarter. Machina Capital S.A.S. now owns 4,515 shares of the company’s stock valued at $178,000 after purchasing an additional 3,865 shares in the last quarter. Finally, World Asset Management Inc purchased a new position in shares of JBG SMITH Properties in the 1st quarter valued at about $211,000. Hedge funds and other institutional investors own 86.15% of the company’s stock.
JBG SMITH Properties stock opened at $39.22 on Friday. JBG SMITH Properties has a 12-month low of $33.30 and a 12-month high of $43.21. The stock has a market capitalization of $5.23 billion, a P/E ratio of 22.67, a P/E/G ratio of 6.31 and a beta of 0.68. The firm’s 50-day moving average is $38.59 and its two-hundred day moving average is $40.27. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.65 and a quick ratio of 3.65.
JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.13. JBG SMITH Properties had a net margin of 7.12% and a return on equity of 1.45%. The company had revenue of $122.33 million for the quarter, compared to analysts’ expectations of $119.77 million. During the same period last year, the company earned $0.45 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. As a group, analysts forecast that JBG SMITH Properties will post 1.57 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Tuesday, August 13th were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.90 annualized dividend and a dividend yield of 2.29%. JBG SMITH Properties’s dividend payout ratio is presently 52.02%.
A number of equities analysts have recently issued reports on the stock. ValuEngine downgraded shares of JBG SMITH Properties from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Zacks Investment Research raised shares of JBG SMITH Properties from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research note on Tuesday, August 13th. Finally, Bank of America began coverage on shares of JBG SMITH Properties in a research note on Thursday, August 15th. They issued a “neutral” rating and a $42.00 price objective on the stock.
JBG SMITH Properties Company Profile
JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.
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