Invesco Ltd. boosted its holdings in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 10.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 763,548 shares of the company's stock after buying an additional 72,318 shares during the period. Invesco Ltd. owned approximately 1.05% of JBG SMITH Properties worth $12,301,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in JBG SMITH Properties by 1,052.9% during the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock worth $42,000 after buying an additional 2,390 shares during the last quarter. Versant Capital Management Inc raised its holdings in JBG SMITH Properties by 113.7% during the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock worth $54,000 after buying an additional 1,795 shares during the last quarter. US Bancorp DE raised its holdings in JBG SMITH Properties by 123.6% during the first quarter. US Bancorp DE now owns 3,787 shares of the company's stock worth $61,000 after buying an additional 2,093 shares during the last quarter. State of Wyoming acquired a new position in JBG SMITH Properties during the fourth quarter worth $98,000. Finally, M&T Bank Corp acquired a new position in JBG SMITH Properties during the first quarter worth $170,000. Institutional investors and hedge funds own 98.46% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. 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 lifted their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a report on Monday, May 19th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell" and an average price target of $16.00.
Get Our Latest Stock Report on JBGS
Insiders Place Their Bets
In other news, 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 value of $120,792.00. Following the completion of the transaction, the executive directly owned 2,750 shares in the company, valued at approximately $59,317.50. The trade was a 67.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $217,409.94. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.
JBG SMITH Properties Stock Performance
Shares of NYSE JBGS traded up $0.25 during trading on Friday, reaching $21.44. 678,741 shares of the stock traded hands, compared to its average volume of 1,153,328. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week 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 company has a 50-day moving average of $19.12 and a 200-day moving average of $16.96. The stock has a market capitalization of $1.32 billion, a P/E ratio of -11.34 and a beta of 1.28.
JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating 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 for the quarter, compared to analysts' expectations of $116.76 million.
JBG SMITH Properties Dividend Announcement
The company also recently declared 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 3.3%. The ex-dividend date of this dividend was Thursday, August 7th. JBG SMITH Properties's dividend payout ratio is currently -37.04%.
About JBG SMITH Properties
(
Free Report)
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.
Further Reading
Before you consider JBG SMITH Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JBG SMITH Properties wasn't on the list.
While JBG SMITH Properties currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
