1,155,019 JBG SMITH Properties $JBGS Shares Acquired by Private Management Group Inc.

Key Points

• Private Management Group increased its JBG SMITH Properties stake by 68.8%, acquiring 1,155,019 shares and bringing its holdings to 2.83 million shares, or about 4.84% of the company.
• JBG SMITH reported a quarterly loss of $1.41 per share on $132.41 million in revenue. It announced a quarterly dividend of $0.175 per share, equivalent to a 5.6% annualized yield.
• Analyst sentiment was bearish: MarketBeat reported an average “Strong Sell” rating and an average price target of $12.50.

Private Management Group Inc. raised its position in JBG SMITH Properties (NYSE:JBGS - Free Report) by 68.8% in the third quarter, according to its most recent disclosure with the SEC. The firm 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. owned approximately 4.84% of JBG SMITH Properties worth $28,442,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBGS. Parallel Advisors LLC lifted its stake in 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 acquiring an additional 5,262 shares in the last quarter. May Hill Capital LLC boosted its holdings in JBG SMITH Properties by 6.2% during the 3rd quarter. May Hill Capital LLC now owns 14,731 shares of the company's stock worth $148,000 after acquiring an additional 863 shares during the last quarter. CenterBook Partners LP purchased a new position in JBG SMITH Properties during the 3rd quarter worth $1,577,000. Bfsg LLC grew its stake in shares of JBG SMITH Properties by 89.7% in the 3rd quarter. Bfsg LLC now owns 19,765 shares of the company's stock worth $198,000 after acquiring an additional 9,345 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of JBG SMITH Properties by 8.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 84,025 shares of the company's stock worth $844,000 after acquiring an additional 6,243 shares in the last quarter. Institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Stock Performance

NYSE JBGS opened at $12.40 on Tuesday. The company's 50 day moving average is $11.28 and its 200-day moving average is $13.83. JBG SMITH Properties has a 12-month low of $9.93 and a 12-month high of $18.71. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. The firm has a market cap of $726.22 million, a P/E ratio of -3.50 and a beta of 1.12.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings data on Friday, November 6th. The company reported ($1.41) EPS for the quarter. JBG SMITH Properties had a negative return on equity of 13.31% and a negative net margin of 29.89%. The business had revenue of $132.41 million during the quarter.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Thursday, November 12th will be issued a dividend of $0.1750 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.70 dividend on an annualized basis and a yield of 5.6%. JBG SMITH Properties's payout ratio is presently -19.77%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JBGS shares. Wall Street Zen raised shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, October 17th. Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. BMO Capital Markets reiterated an "underperform" rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Evercore reissued an "underperform" rating and set a $12.00 target price on shares of JBG SMITH Properties in a research report on Monday, September 21st. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of JBG SMITH Properties in a research report on Friday, September 4th. Three equities research analysts have rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of "Strong Sell" and an average target price of $12.50.

JBG SMITH Properties Company 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.

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