Centersquare Investment Management LLC increased its position in shares of JBG SMITH Properties (NYSE:JBGS) by 39.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,318,252 shares of the company’s stock after purchasing an additional 376,266 shares during the quarter. Centersquare Investment Management LLC owned 0.98% of JBG SMITH Properties worth $51,860,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently modified their holdings of the stock. Resolution Capital Ltd acquired a new position in shares of JBG SMITH Properties in the second quarter worth $76,896,000. JPMorgan Chase & Co. grew its position in shares of JBG SMITH Properties by 23.8% in the second quarter. JPMorgan Chase & Co. now owns 5,681,052 shares of the company’s stock valued at $221,220,000 after purchasing an additional 1,093,603 shares during the period. Federated Investors Inc. PA grew its position in shares of JBG SMITH Properties by 28.6% in the first quarter. Federated Investors Inc. PA now owns 1,596,371 shares of the company’s stock valued at $66,010,000 after purchasing an additional 354,686 shares during the period. Allianz Asset Management GmbH purchased a new stake in shares of JBG SMITH Properties in the second quarter valued at $6,124,000. Finally, Geode Capital Management LLC grew its position in shares of JBG SMITH Properties by 12.4% in the fourth quarter. Geode Capital Management LLC now owns 1,382,879 shares of the company’s stock valued at $48,138,000 after purchasing an additional 152,522 shares during the period. 86.15% of the stock is owned by hedge funds and other institutional investors.
JBGS has been the subject of a number of research reports. ValuEngine downgraded JBG SMITH Properties from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Zacks Investment Research upgraded 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 JBG SMITH Properties in a research note on Thursday, August 15th. They set a “neutral” rating and a $42.00 price objective on the stock.
NYSE:JBGS opened at $39.07 on Friday. The business’s 50-day simple moving average is $38.59 and its 200 day simple moving average is $40.27. JBG SMITH Properties has a one year low of $33.30 and a one year high of $43.21. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 6.31 and a beta of 0.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.65 and a current ratio of 3.65.
JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.13. The firm had revenue of $122.33 million for the quarter, compared to analysts’ expectations of $119.77 million. JBG SMITH Properties had a return on equity of 1.45% and a net margin of 7.12%. JBG SMITH Properties’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, equities research analysts predict that JBG SMITH Properties will post 1.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Tuesday, August 13th were issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Monday, August 12th. JBG SMITH Properties’s dividend payout ratio (DPR) is 52.02%.
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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