AlphaQuest LLC Purchases 14,419 Shares of JBG SMITH Properties $JBGS

Key Points

• AlphaQuest LLC has increased its stake in JBG SMITH Properties by 47.2%, now owning approximately 44,950 shares valued at $724,000.
• JBG SMITH Properties reported an EPS of $0.19 for the last quarter, significantly surpassing analysts' expectations of ($0.54).
• The company recently declared a quarterly dividend of $0.175 per share, yielding an annualized 3.4%.

AlphaQuest LLC lifted its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 47.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,950 shares of the company's stock after acquiring an additional 14,419 shares during the quarter. AlphaQuest LLC owned approximately 0.06% of JBG SMITH Properties worth $724,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of JBG SMITH Properties during the 1st quarter valued at $189,000. Principal Financial Group Inc. boosted its holdings in shares of JBG SMITH Properties by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 420,525 shares of the company's stock valued at $6,775,000 after acquiring an additional 11,005 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of JBG SMITH Properties by 10.5% during the 1st quarter. Invesco Ltd. now owns 763,548 shares of the company's stock valued at $12,301,000 after acquiring an additional 72,318 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of JBG SMITH Properties during the 1st quarter valued at $170,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of JBG SMITH Properties by 167.7% during the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company's stock valued at $4,118,000 after acquiring an additional 160,132 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company's stock.

Insider Activity

In other news, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction dated 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 of the company's stock, valued at approximately $59,317.50. This trade represents a 67.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Angela Valdes sold 10,098 shares of JBG SMITH Properties stock in a transaction dated Thursday, July 31st. The stock was 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. Company insiders own 4.40% of the company's stock.

JBG SMITH Properties Trading Down 0.5%

NYSE:JBGS traded down $0.12 during trading hours on Thursday, hitting $21.16. 585,969 shares of the company were exchanged, compared to its average volume of 1,166,416. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -11.20 and a beta of 1.28. The company has a current ratio of 3.54, a quick 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 company has a fifty day simple moving average of $19.05 and a 200 day simple moving average of $16.91.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 9.20% and a negative net margin of 29.54%.The firm had revenue of $126.48 million during the quarter, compared to analyst estimates of $116.76 million.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Stockholders 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 dividend yield of 3.3%. JBG SMITH Properties's dividend payout ratio (DPR) is -37.04%.

Wall Street Analysts Forecast Growth

JBGS has been the topic of several recent research reports. Wall Street Zen raised JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI raised their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a report on Monday, May 19th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell" and an average price target of $16.00.

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.