Allianz Asset Management GmbH Has $6.51 Million Stake in JBG SMITH Properties (NYSE:JBGS)

Key Points

• Allianz Asset Management GmbH increased its stake in JBG SMITH Properties by 50.4%, now owning 404,137 shares valued at approximately $6.5 million.
• JBG SMITH Properties reported a quarterly earnings per share (EPS) of $0.09, exceeding expectations of ($0.42) despite a revenue of $120.69 million, below the consensus estimate.
• The company's recent quarterly dividend announced is $0.175, resulting in an annualized dividend yield of 3.63%, with a payout ratio of -37.43%.

Allianz Asset Management GmbH boosted its stake in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 50.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 404,137 shares of the company's stock after acquiring an additional 135,440 shares during the quarter. Allianz Asset Management GmbH owned 0.55% of JBG SMITH Properties worth $6,511,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in JBG SMITH Properties by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company's stock worth $713,000 after purchasing an additional 662 shares during the period. State of Tennessee Department of Treasury grew its holdings in JBG SMITH Properties by 2.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company's stock valued at $653,000 after buying an additional 818 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of JBG SMITH Properties by 8.5% during the fourth quarter. Bank of Montreal Can now owns 11,928 shares of the company's stock worth $183,000 after purchasing an additional 939 shares during the last quarter. Versant Capital Management Inc boosted its holdings in JBG SMITH Properties by 113.7% in the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after acquiring an additional 1,795 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in JBG SMITH Properties by 3.1% in the fourth quarter. Quantinno Capital Management LP now owns 73,010 shares of the company's stock valued at $1,122,000 after purchasing an additional 2,187 shares during the period. Institutional investors and hedge funds own 98.46% of the company's stock.

JBG SMITH Properties Stock Up 1.4%

Shares of NYSE:JBGS traded up $0.29 during midday trading on Thursday, hitting $21.77. 477,007 shares of the stock were exchanged, compared to its average volume of 1,159,700. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $22.45. The business's fifty day simple moving average is $17.88 and its two-hundred day simple moving average is $16.17. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.40 and a current ratio of 3.40. The company has a market capitalization of $1.59 billion, a PE ratio of -11.46 and a beta of 1.24.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.54) by $0.73. The company had revenue of $126.48 million for the quarter, compared to analyst estimates of $116.76 million. JBG SMITH Properties had a negative return on equity of 8.63% and a negative net margin of 29.54%.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, August 7th. JBG SMITH Properties's dividend payout ratio (DPR) is presently -37.43%.

Analysts Set New Price Targets

Separately, Evercore ISI lifted their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research note on Monday, May 19th.

JBG SMITH Properties 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.