JBG SMITH Properties (NYSE:JBGS) Shares Purchased by Citigroup Inc.

Key Points

• Citigroup Inc. increased its stake in JBG SMITH Properties by 1.0%, owning 3,166,389 shares valued at approximately $51 million as of the latest SEC filing.
• JBG SMITH Properties recently reported earnings of $0.19 EPS, exceeding analyst expectations, and announced a quarterly dividend of $0.175 per share, yielding 3.6%.
• Several analysts have upgraded their ratings and price targets for JBG SMITH, with Evercore ISI raising the target from $16.00 to $17.00 despite maintaining an "underperform" rating.

Citigroup Inc. lifted its stake in JBG SMITH Properties (NYSE:JBGS - Free Report) by 1.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,166,389 shares of the company's stock after purchasing an additional 29,805 shares during the quarter. Citigroup Inc. owned about 4.33% of JBG SMITH Properties worth $51,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sterling Capital Management LLC raised its position in shares of JBG SMITH Properties by 814.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock valued at $40,000 after purchasing an additional 2,289 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of JBG SMITH Properties by 1,052.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock valued at $42,000 after purchasing an additional 2,390 shares during the last quarter. Versant Capital Management Inc raised its position in shares of JBG SMITH Properties by 113.7% in 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. US Bancorp DE raised its position in shares of JBG SMITH Properties by 123.6% in the 1st quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after purchasing an additional 2,093 shares during the last quarter. Finally, State of Wyoming purchased a new position in JBG SMITH Properties during the 4th quarter worth approximately $98,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties Stock Performance

JBGS traded down $0.08 during trading on Friday, reaching $20.00. 232,179 shares of the company's stock were exchanged, compared to its average volume of 1,169,463. JBG SMITH Properties has a 1 year low of $13.28 and a 1 year high of $22.45. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.54. The stock has a market capitalization of $1.23 billion, a P/E ratio of -10.57 and a beta of 1.28. The company's fifty day simple moving average is $18.55 and its 200-day simple moving average is $16.54.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.54) by $0.73. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%. The company had revenue of $126.48 million during the quarter, compared to analyst estimates of $116.76 million.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, August 7th. JBG SMITH Properties's payout ratio is -37.04%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Evercore ISI raised their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research report on Monday, May 19th. Wall Street Zen raised shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd.

Insider Activity at JBG SMITH Properties

In other news, CAO Angela Valdes sold 10,098 shares of JBG SMITH Properties stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction that occurred on Thursday, July 31st. The shares were 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 of the company's stock, valued at approximately $59,317.50. This trade 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.

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.