Nuveen LLC Buys New Stake in JBG SMITH Properties $JBGS

Key Points

• Nuveen LLC has purchased 270,899 shares of JBG SMITH Properties, valued at approximately $4.36 million, representing 0.37% of the company's stock.
• Several institutional investors, such as Principal Financial Group and Victory Capital Management, have also increased their stakes, leading to a total of 98.46% ownership by hedge funds and institutional investors.
• JBG SMITH Properties announced a quarterly dividend of $0.175 per share, yielding 3.4%, with an ex-dividend date of August 7th.

Nuveen LLC acquired a new stake in JBG SMITH Properties (NYSE:JBGS - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 270,899 shares of the company's stock, valued at approximately $4,364,000. Nuveen LLC owned approximately 0.37% of JBG SMITH Properties at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in JBG SMITH Properties by 1,052.9% in the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock valued at $42,000 after buying an additional 2,390 shares in the last quarter. Versant Capital Management Inc raised its stake 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 buying an additional 1,795 shares in the last quarter. US Bancorp DE raised its stake in JBG SMITH Properties by 123.6% in the first quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after buying an additional 2,093 shares in the last quarter. State of Wyoming purchased a new position in shares of JBG SMITH Properties during the fourth quarter worth about $98,000. Finally, Yoffe Investment Management LLC purchased a new position in shares of JBG SMITH Properties during the fourth quarter worth about $169,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JBGS has been the topic of several 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 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 data from MarketBeat, the company presently has a consensus rating of "Sell" and an average target price of $16.00.

JBG SMITH Properties Stock Performance

JBGS traded up $0.25 during trading on Friday, reaching $21.44. The company's stock had a trading volume of 678,741 shares, compared to its average volume of 1,153,328. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $22.45. The company's fifty day moving average price is $19.12 and its 200-day moving average price is $16.96. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -11.34 and a beta of 1.28. 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 (NYSE:JBGS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $126.48 million for the quarter, compared to analyst estimates of $116.76 million.

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Thursday, August 7th. JBG SMITH Properties's payout ratio is currently -37.04%.

Insider Buying and Selling

In other news, CIO George Laucks Xanders sold 5,600 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the sale, the executive owned 2,750 shares of the company's stock, valued at $59,317.50. The trade was a 67.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Angela Valdes sold 10,098 shares of the business's stock in a transaction that occurred on 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. 4.40% of the stock is currently owned by insiders.

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.