Quantbot Technologies LP Takes Position in JBG SMITH Properties $JBGS

Key Points

• Quantbot Technologies LP acquired 40,781 shares of JBG SMITH Properties in Q1, valued at approximately $657,000, representing a 0.06% ownership stake.
• Insider sales occurred on July 31st, with CIO George Laucks Xanders selling 5,600 shares and CAO Angela Valdes selling 10,098 shares, indicating a reduction in insider ownership.
• The stock has a consensus target price of $16.00 after various analysts rated it predominantly as a 'Sell,' while its recent earnings report showed earnings of $0.19 per share, surpassing estimates.

Quantbot Technologies LP acquired a new position in JBG SMITH Properties (NYSE:JBGS - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 40,781 shares of the company's stock, valued at approximately $657,000. Quantbot Technologies LP owned 0.06% of JBG SMITH Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Yoffe Investment Management LLC purchased a new stake in JBG SMITH Properties in the fourth quarter valued at about $169,000. Barclays PLC increased its position in JBG SMITH Properties by 3.1% during the fourth quarter. Barclays PLC now owns 146,803 shares of the company's stock worth $2,257,000 after purchasing an additional 4,394 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of JBG SMITH Properties by 6.2% in the fourth quarter. MetLife Investment Management LLC now owns 53,216 shares of the company's stock valued at $818,000 after purchasing an additional 3,116 shares in the last quarter. State of Tennessee Department of Treasury lifted its holdings in JBG SMITH Properties by 2.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company's stock worth $653,000 after buying an additional 818 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in JBG SMITH Properties by 6.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 78,668 shares of the company's stock worth $1,210,000 after buying an additional 4,947 shares in the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Stock Up 1.2%

JBGS stock traded up $0.25 during midday trading on Friday, reaching $21.44. 678,741 shares of the company were exchanged, compared to its average volume of 1,153,328. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $22.45. The stock's 50-day simple moving average is $19.12 and its 200 day simple moving average is $16.96. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -11.34 and a beta of 1.28.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.73. The business had revenue of $126.48 million during the quarter, compared to the consensus estimate of $116.76 million. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Thursday, August 7th. JBG SMITH Properties's payout ratio is presently -37.04%.

Insiders Place Their Bets

In other news, CAO Angela Valdes sold 10,098 shares of JBG SMITH Properties stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total value of $217,409.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.57, for a total transaction of $120,792.00. Following the completion of the transaction, the executive directly owned 2,750 shares in the company, valued at $59,317.50. The trade was a 67.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBGS. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI boosted their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell" and an average target price of $16.00.

JBG SMITH Properties Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.