Charles Schwab Investment Management Inc. Increases Position in JBG SMITH Properties $JBGS

Key Points

• Charles Schwab Investment Management Inc. increased its stake in JBG SMITH Properties by 3.5%, now owning approximately 3.15% of the company, worth around $37 million.
• Multiple large investors have significantly increased their stakes in JBG SMITH, with some reporting increases of over 800% in the last quarter.
• JBG SMITH Properties declared a quarterly dividend of $0.175, with an annualized yield of 3.5% and a dividend payout ratio currently at -37.04%.

Charles Schwab Investment Management Inc. raised its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,298,745 shares of the company's stock after acquiring an additional 78,737 shares during the quarter. Charles Schwab Investment Management Inc. owned about 3.15% of JBG SMITH Properties worth $37,033,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of JBGS. Yoffe Investment Management LLC bought a new stake in shares of JBG SMITH Properties during the 4th quarter valued at about $169,000. Bank of Montreal Can boosted its holdings 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 buying an additional 939 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of JBG SMITH Properties by 94.4% during the 4th quarter. Invesco Ltd. now owns 691,230 shares of the company's stock worth $10,624,000 after buying an additional 335,661 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of JBG SMITH Properties by 814.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock worth $40,000 after buying an additional 2,289 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of JBG SMITH Properties by 3.1% during the 4th quarter. Barclays PLC now owns 146,803 shares of the company's stock worth $2,257,000 after buying an additional 4,394 shares in the last quarter. Institutional investors own 98.46% of the company's stock.

Insider Activity at JBG SMITH Properties

In other JBG SMITH Properties 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 transaction of $217,409.94. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the transaction, the executive directly owned 2,750 shares in the company, valued at $59,317.50. This represents 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 owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on JBGS. Evercore ISI increased their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research note on Monday, May 19th. Wall Street Zen raised shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, JBG SMITH Properties has an average rating of "Sell" and a consensus target price of $16.00.

JBG SMITH Properties Stock Up 1.4%

Shares of NYSE JBGS traded up $0.2940 during mid-day trading on Friday, reaching $20.5840. 965,561 shares of the company's stock traded hands, compared to its average volume of 1,242,494. The stock has a market cap of $1.27 billion, a P/E ratio of -10.89 and a beta of 1.28. 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 has a 1-year low of $13.28 and a 1-year high of $22.45. The business has a 50-day simple moving average of $18.83 and a 200 day simple moving average of $16.75.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 Announces Dividend

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

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.