Northern Trust Corp Grows Position in JBG SMITH Properties $JBGS

Key Points

• Northern Trust Corp has increased its ownership in JBG SMITH Properties by 1.9%, acquiring an additional 30,998 shares during the first quarter, bringing its total stake to 1,662,628 shares worth approximately $26.8 million.
• JBG SMITH Properties reported a profit of $0.19 per share for the quarter, exceeding analysts' expectations of a loss of ($0.54).
• The company recently declared a quarterly dividend of $0.175 per share, equating to an annualized payout of $0.70 with a dividend yield of 3.3%.

Northern Trust Corp boosted its position in JBG SMITH Properties (NYSE:JBGS - Free Report) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,662,628 shares of the company's stock after purchasing an additional 30,998 shares during the quarter. Northern Trust Corp owned about 2.28% of JBG SMITH Properties worth $26,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Citigroup Inc. grew its holdings in JBG SMITH Properties by 1.0% in the 1st quarter. Citigroup Inc. now owns 3,166,389 shares of the company's stock worth $51,011,000 after acquiring an additional 29,805 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of JBG SMITH Properties by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company's stock valued at $37,033,000 after acquiring an additional 78,737 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of JBG SMITH Properties by 0.7% during the first quarter. Private Management Group Inc. now owns 1,732,208 shares of the company's stock valued at $27,906,000 after purchasing an additional 11,669 shares during the last quarter. Invesco Ltd. raised its holdings in shares of JBG SMITH Properties by 10.5% during the first quarter. Invesco Ltd. now owns 763,548 shares of the company's stock valued at $12,301,000 after purchasing an additional 72,318 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of JBG SMITH Properties by 2.7% during the first quarter. Principal Financial Group Inc. now owns 420,525 shares of the company's stock valued at $6,775,000 after purchasing an additional 11,005 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company's stock.

Insider Buying and Selling

In related news, CIO George Laucks Xanders sold 5,600 shares of the business's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.57, for a total value of $120,792.00. Following the completion of the sale, the executive directly owned 2,750 shares of the company's stock, valued at $59,317.50. The trade was a 67.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $217,409.94. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JBGS shares. Evercore ISI upped their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a report on Monday, May 19th. Wall Street Zen raised shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of "Sell" and an average target price of $16.00.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS traded up $0.23 during mid-day trading on Thursday, reaching $21.73. The company's stock had a trading volume of 568,704 shares, compared to its average volume of 1,155,324. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $22.45. The stock has a 50-day moving average of $19.38 and a two-hundred day moving average of $17.09. The stock has a market capitalization of $1.34 billion, a P/E ratio of -11.47 and a beta of 1.33.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.54) by $0.73. The firm had revenue of $126.48 million during the quarter, compared to analyst estimates of $116.76 million. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were paid a $0.175 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.2%. JBG SMITH Properties's payout ratio is currently -37.04%.

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.