Brooklyn Investment Group Buys New Stake in JBG SMITH Properties $JBGS

Key Points

• Brooklyn Investment Group acquired 14,321 shares of JBG SMITH Properties for approximately $231,000, reflecting growing interest from institutional investors in the real estate investment trust.
• JBG SMITH Properties recently reported earnings of $0.19 per share, surpassing analysts' expectations, and had revenue of $126.48 million, exceeding consensus estimates.
• A quarterly dividend of $0.175 will be paid to investors, representing a 3.4% yield, with the ex-dividend date set for August 7th.

Brooklyn Investment Group acquired a new position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,321 shares of the company's stock, valued at approximately $231,000.

Several other institutional investors have also modified their holdings of JBGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in JBG SMITH Properties by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company's stock valued at $713,000 after buying an additional 662 shares during the period. Aberdeen Group plc raised its stake in shares of JBG SMITH Properties by 3.6% in the first quarter. Aberdeen Group plc now owns 22,285 shares of the company's stock valued at $359,000 after acquiring an additional 777 shares during the period. State of Tennessee Department of Treasury raised its stake in shares of JBG SMITH Properties by 2.0% in the fourth quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company's stock valued at $653,000 after acquiring an additional 818 shares during the period. Bank of Montreal Can boosted its stake in shares of JBG SMITH Properties by 8.5% during the 4th quarter. Bank of Montreal Can now owns 11,928 shares of the company's stock worth $183,000 after purchasing an additional 939 shares during the period. Finally, Versant Capital Management Inc grew its holdings 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 last quarter. 98.46% of the stock is owned by institutional investors.

Insider Buying and Selling

In other JBG SMITH Properties news, CAO Angela Valdes sold 10,098 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $21.53, for a total transaction of $217,409.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CIO George Laucks Xanders sold 5,600 shares of the business's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $21.57, for a total value of $120,792.00. Following the completion of the transaction, the executive directly owned 2,750 shares of the company's stock, valued at approximately $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. 4.40% of the stock is currently owned by company insiders.

JBG SMITH Properties Stock Up 1.4%

NYSE JBGS traded up $0.2940 on Friday, reaching $20.5840. 965,561 shares of the stock traded hands, compared to its average volume of 1,242,494. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $22.45. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -10.89 and a beta of 1.28. The company has a fifty day moving average price of $18.83 and a 200-day moving average price of $16.76. 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 (NYSE:JBGS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $116.76 million.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, August 7th. JBG SMITH Properties's dividend payout ratio is presently -37.04%.

Wall Street Analyst Weigh In

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

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.