Ballentine Partners LLC Buys New Position in JBG SMITH Properties $JBGS

Key Points

• Ballentine Partners LLC has recently acquired a new stake in JBG SMITH Properties, purchasing 13,190 shares valued at approximately $228,000.
• Several hedge funds have significantly increased their holdings in JBG SMITH Properties, with Versant Capital Management Inc boosting its stake by 113.7% in the first quarter.
• Analysts have mixed views on the stock, with a consensus rating of "Sell" and a target price of $17.00, following a recent report that upgraded the rating to "hold."

Ballentine Partners LLC bought a new stake in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 13,190 shares of the company's stock, valued at approximately $228,000.

Several other hedge funds have also recently added to or reduced their stakes in JBGS. Versant Capital Management Inc boosted its stake in JBG SMITH Properties by 113.7% during the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after purchasing an additional 1,795 shares during the period. GAMMA Investing LLC raised its holdings in JBG SMITH Properties by 1,399.9% in the 1st quarter. GAMMA Investing LLC now owns 11,084 shares of the company's stock valued at $179,000 after acquiring an additional 10,345 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in JBG SMITH Properties by 1,052.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock valued at $42,000 after acquiring an additional 2,390 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in JBG SMITH Properties in the 1st quarter valued at approximately $189,000. Finally, Principal Financial Group Inc. raised its holdings in JBG SMITH Properties by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 420,525 shares of the company's stock valued at $6,775,000 after acquiring an additional 11,005 shares in the last quarter. Institutional investors own 98.46% of the company's stock.

Analysts Set New Price Targets

JBGS has been the subject of several recent research reports. Wall Street Zen raised JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI reaffirmed an "underperform" rating on shares of JBG SMITH Properties in a report on Monday, September 15th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of "Sell" and a consensus target price of $17.00.

JBG SMITH Properties Trading Down 1.2%

JBGS stock opened at $21.63 on Tuesday. The business has a fifty day moving average price of $21.32 and a 200 day moving average price of $18.14. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $24.30. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -11.44 and a beta of 1.33. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.54.

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

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 7th. JBG SMITH Properties's dividend payout ratio (DPR) is currently -37.04%.

Insiders Place Their Bets

In other JBG SMITH Properties news, insider Evan Regan-Levine sold 5,714 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $23.62, for a total value of $134,964.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Steven A. Museles sold 1,295 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $23.40, for a total value of $30,303.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,457 shares of company stock valued at $661,800. Company insiders own 4.40% of the company's stock.

About JBG SMITH Properties

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.

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