Brown Advisory Inc. Raises Stake in JBG SMITH Properties (NYSE:JBGS)

Brown Advisory Inc. lifted its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 68.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,195 shares of the company's stock after buying an additional 48,796 shares during the quarter. Brown Advisory Inc. owned approximately 0.15% of JBG SMITH Properties worth $1,936,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in JBG SMITH Properties by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,220,008 shares of the company's stock valued at $34,122,000 after purchasing an additional 45,514 shares during the period. Northern Trust Corp grew its holdings in JBG SMITH Properties by 75.8% in the fourth quarter. Northern Trust Corp now owns 1,631,630 shares of the company's stock valued at $25,078,000 after purchasing an additional 703,538 shares during the period. Natixis grew its holdings in JBG SMITH Properties by 0.9% in the fourth quarter. Natixis now owns 1,008,840 shares of the company's stock valued at $15,506,000 after purchasing an additional 8,840 shares during the period. JPMorgan Chase & Co. grew its holdings in JBG SMITH Properties by 12.6% in the fourth quarter. JPMorgan Chase & Co. now owns 741,071 shares of the company's stock valued at $11,390,000 after purchasing an additional 82,779 shares during the period. Finally, Invesco Ltd. grew its holdings in JBG SMITH Properties by 94.4% in the fourth quarter. Invesco Ltd. now owns 691,230 shares of the company's stock valued at $10,624,000 after purchasing an additional 335,661 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Price Performance

JBGS opened at $18.42 on Friday. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.60. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $18.86. The company has a 50 day moving average of $17.14 and a two-hundred day moving average of $15.84. The company has a market cap of $1.35 billion, a P/E ratio of -9.85 and a beta of 1.24.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.51. JBG SMITH Properties had a negative net margin of 30.02% and a negative return on equity of 8.59%. The company had revenue of $120.69 million during the quarter, compared to the consensus estimate of $124.35 million.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.70 annualized dividend and a yield of 3.80%. JBG SMITH Properties's dividend payout ratio is currently -37.43%.

Wall Street Analyst Weigh In

Separately, Evercore ISI boosted their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a report on Monday, May 19th.

JBG SMITH Properties Company 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.

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