Public Sector Pension Investment Board Boosts Stock Holdings in JBG SMITH Properties $JBGS

Public Sector Pension Investment Board increased its holdings in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 27.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 267,860 shares of the company's stock after acquiring an additional 57,387 shares during the quarter. Public Sector Pension Investment Board owned about 0.37% of JBG SMITH Properties worth $4,315,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of JBGS. Sterling Capital Management LLC increased its position in JBG SMITH Properties by 814.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock worth $40,000 after acquiring an additional 2,289 shares during the period. Farther Finance Advisors LLC boosted its position in JBG SMITH Properties by 1,052.9% during the 1st 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 period. Versant Capital Management Inc boosted its position in JBG SMITH Properties by 113.7% during the 1st 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 period. US Bancorp DE boosted its position in JBG SMITH Properties by 123.6% during 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 during the period. Finally, State of Wyoming acquired a new stake in JBG SMITH Properties during the 4th quarter worth approximately $98,000. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Trading Up 2.5%

Shares of NYSE:JBGS traded up $0.50 during mid-day trading on Friday, hitting $20.79. The company had a trading volume of 140,055 shares, compared to its average volume of 1,164,915. The firm has a fifty day moving average price of $18.78 and a 200 day moving average price of $16.71. The company has a market capitalization of $1.28 billion, a PE ratio of -10.95 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 one year low of $13.28 and a one year high of $22.45.

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, beating 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 during the quarter, compared to the consensus estimate of $116.76 million.

JBG SMITH Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

JBGS has been the topic of several recent research reports. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. 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 report on Monday, May 19th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell" and a consensus target price of $16.00.

Insider Buying and Selling at JBG SMITH Properties

In related 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 value of $217,409.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction 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 completion of the sale, the executive directly owned 2,750 shares of the company's stock, valued at approximately $59,317.50. The trade was a 67.07% decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.40% of the company's stock.

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.