JBG SMITH Properties $JBGS Shares Newly Purchased by CenterBook Partners LP

Key Points

• CenterBook Partners initiated a position of 157,072 JBG SMITH shares, worth about $1.58 million; institutional investors and hedge funds collectively own 98.46% of the stock.
• Analyst sentiment is bearish: MarketBeat reports a consensus “Strong Sell” rating and a $12.50 average price target.
• JBG SMITH reported quarterly revenue of $132.41 million and a loss of $1.41 per share. It declared a $0.175 quarterly dividend, equivalent to a 5.6% annualized yield at the article’s quoted share price.

CenterBook Partners LP purchased a new position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 157,072 shares of the company's stock, valued at approximately $1,577,000. CenterBook Partners LP owned about 0.27% of JBG SMITH Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of JBG SMITH Properties during the 2nd quarter worth about $164,185,000. Legal & General Group Plc acquired a new stake in JBG SMITH Properties during the 2nd quarter worth approximately $4,893,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in JBG SMITH Properties by 16,414.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company's stock valued at $7,331,000 after buying an additional 496,696 shares during the period. Bank of New York Mellon Corp purchased a new position in JBG SMITH Properties in the second quarter valued at approximately $6,687,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in JBG SMITH Properties in the second quarter valued at approximately $781,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on JBGS shares. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, October 17th. BMO Capital Markets reissued an "underperform" rating on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Weiss Ratings reissued a "sell (d-)" rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Evercore reaffirmed an "underperform" rating and set a $12.00 price target on shares of JBG SMITH Properties in a research report on Monday, September 21st. Three equities research analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Strong Sell" and a consensus target price of $12.50.

JBG SMITH Properties Trading Down 0.3%

JBGS opened at $12.40 on Tuesday. The firm's 50 day moving average is $11.28 and its 200-day moving average is $13.83. JBG SMITH Properties has a 52-week low of $9.93 and a 52-week high of $18.71. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $726.22 million, a P/E ratio of 18.34 and a beta of 1.12.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings results on Friday, November 6th. The company reported ($1.41) earnings per share for the quarter. JBG SMITH Properties had a negative net margin of 29.89% and a negative return on equity of 13.31%. The firm had revenue of $132.41 million for the quarter.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Thursday, November 12th will be issued a $0.1750 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $0.70 dividend on an annualized basis and a yield of 5.6%. JBG SMITH Properties's dividend payout ratio is currently -19.77%.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.

The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH's activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.

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