Deutsche Bank AG Has $3.06 Million Stock Position in JBG SMITH Properties $JBGS

Key Points

• Deutsche Bank AG has increased its stake in JBG SMITH Properties by 51.0%, acquiring an additional 64,262 shares, bringing its total ownership to approximately $3,064,000.
• JBG SMITH Properties reported an earnings beat with an EPS of $0.19, surpassing the consensus estimate of ($0.54), and revenue of $126.48 million for the quarter.
• The company recently announced a quarterly dividend of $0.175 per share, with an upcoming payment date of August 21st, reflecting an annualized yield of 3.4%.

Deutsche Bank AG boosted its stake in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 51.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,164 shares of the company's stock after purchasing an additional 64,262 shares during the quarter. Deutsche Bank AG owned 0.26% of JBG SMITH Properties worth $3,064,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in JBG SMITH Properties by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company's stock valued at $37,033,000 after purchasing an additional 78,737 shares during the last quarter. US Bancorp DE raised its stake in JBG SMITH Properties by 123.6% during 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. Private Management Group Inc. increased 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 valued at $27,906,000 after buying an additional 11,669 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in JBG SMITH Properties in the 1st quarter valued at $554,000. Finally, Allianz Asset Management GmbH increased 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 valued at $6,511,000 after buying an additional 135,440 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Performance

JBG SMITH Properties stock traded up $0.2940 on Friday, hitting $20.5840. The company's stock had a trading volume of 965,561 shares, compared to its average volume of 1,242,494. 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 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 one year low of $13.28 and a one year high of $22.45. The firm has a market cap of $1.27 billion, a P/E ratio of -10.89 and a beta of 1.28.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $126.48 million for the quarter, compared to analyst estimates of $116.76 million.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.175 dividend. 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 dividend payout ratio is presently -37.04%.

Insider Activity

In other news, CIO George Laucks Xanders sold 5,600 shares of the company's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $21.57, for a total value of $120,792.00. Following the sale, the executive owned 2,750 shares of the company's stock, valued at approximately $59,317.50. This represents a 67.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Angela Valdes sold 10,098 shares of the company's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.53, for a total transaction of $217,409.94. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on JBGS shares. Wall Street Zen raised shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI boosted their price target 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. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, JBG SMITH Properties currently has a consensus rating of "Sell" and an average target price 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.