BlackRock Inc. Invests $164.19 Million in JBG SMITH Properties $JBGS

Key Points

• BlackRock acquired 11.19 million shares of JBG SMITH Properties in the second quarter, valued at approximately $164.2 million and representing a 19.21% stake. Institutional investors collectively own 98.46% of the company.
• JBG SMITH paid a quarterly dividend of $0.175 per share, equating to an annualized $0.70 dividend and a 5.8% yield.
• Analyst sentiment remains negative: MarketBeat reports a consensus “Strong Sell” rating from three analysts, with a consensus price target of $16.67, while the stock recently opened at $12.14.

BlackRock Inc. purchased a new stake in JBG SMITH Properties (NYSE:JBGS - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 11,191,898 shares of the company's stock, valued at approximately $164,185,000. BlackRock Inc. owned about 19.21% of JBG SMITH Properties at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JBGS. Deutsche Bank AG bought a new stake in shares of JBG SMITH Properties during the second quarter worth about $1,178,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in JBG SMITH Properties in the 2nd quarter valued at $751,000. Bank of New York Mellon Corp purchased a new position in JBG SMITH Properties in the second quarter worth $6,687,000. State of Wyoming bought a new position in shares of JBG SMITH Properties during the 2nd quarter worth $72,000. Finally, Amundi boosted its position in JBG SMITH Properties by 45.9% during the first quarter. Amundi now owns 69,668 shares of the company's stock worth $1,018,000 after purchasing an additional 21,910 shares during the period. Institutional investors own 98.46% of the company's stock.

Insider Buying and Selling

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $15.01, for a total transaction of $300,350.10. Following the completion of the transaction, the insider directly owned 12,032 shares of the company's stock, valued at approximately $180,600.32. This trade represents a 62.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 11.90% of the company's stock.

JBG SMITH Properties Price Performance

Shares of NYSE:JBGS opened at $12.14 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.89 and a current ratio of 4.89. The company has a 50-day simple moving average of $13.65 and a 200-day simple moving average of $14.52. The stock has a market capitalization of $711.16 million, a price-to-earnings ratio of -4.65 and a beta of 1.07. JBG SMITH Properties has a one year low of $10.77 and a one year high of $24.30.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Thursday, August 13th. JBG SMITH Properties's dividend payout ratio is -26.82%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reiterated an "underperform" rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Wall Street Zen lowered JBG SMITH Properties from a "hold" rating to a "sell" rating in a report on Saturday. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Finally, Capital One Financial set a $13.00 price objective on JBG SMITH Properties in a report on Tuesday, August 4th. Three research analysts have rated the stock with a Sell rating, According to MarketBeat, JBG SMITH Properties presently has a consensus rating of "Strong Sell" and a consensus price target of $16.67.

JBG SMITH Properties Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company's portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.

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