Charles Schwab Investment Management Inc. Has $37.03 Million 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. increased its holdings in JBG SMITH Properties (NYSE:JBGS - Free Report) by 3.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,298,745 shares of the company's stock after buying 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. US Bancorp DE grew its holdings in JBG SMITH Properties by 123.6% in the 1st quarter. US Bancorp DE now owns 3,787 shares of the company's stock worth $61,000 after buying an additional 2,093 shares in the last quarter. Private Management Group Inc. grew its holdings in JBG SMITH Properties by 0.7% in the 1st quarter. Private Management Group Inc. now owns 1,732,208 shares of the company's stock worth $27,906,000 after buying an additional 11,669 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in JBG SMITH Properties in the 1st quarter worth approximately $554,000. Allianz Asset Management GmbH grew its holdings in JBG SMITH Properties by 50.4% in the 1st quarter. Allianz Asset Management GmbH now owns 404,137 shares of the company's stock worth $6,511,000 after buying an additional 135,440 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in JBG SMITH Properties by 167.7% in the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company's stock worth $4,118,000 after buying an additional 160,132 shares in the last quarter. 98.46% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CIO George Laucks Xanders sold 5,600 shares of the 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 completion of the sale, the executive owned 2,750 shares in the company, valued at approximately $59,317.50. This represents a 67.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Angela Valdes sold 10,098 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total value of $217,409.94. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

JBG SMITH Properties Price Performance

JBGS traded up $0.2940 during trading on Friday, reaching $20.5840. The stock had a trading volume of 965,561 shares, compared to its average volume of 1,242,494. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -10.89 and a beta of 1.28. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 1.88. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $22.45. The stock has a 50 day moving average of $18.83 and a two-hundred day moving average of $16.76.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, topping 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 the consensus estimate of $116.76 million.

JBG SMITH Properties Announces Dividend

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