Russell Investments Group Ltd. Grows Position in JBG SMITH Properties $JBGS

Key Points

• Russell Investments Group Ltd. increased its holding in JBG SMITH Properties by 2,811.2%, owning a total of 14,032 shares worth approximately $226,000 as of the most recent quarter.
• JBG SMITH Properties reported a quarterly earnings per share of $0.19, exceeding the consensus estimate of -$0.54 by $0.73, along with a revenue of $126.48 million.
• The company recently declared a quarterly dividend of $0.175 per share, representing a dividend yield of 3.3%, despite having a negative payout ratio of -37.04%.

Russell Investments Group Ltd. raised its position in JBG SMITH Properties (NYSE:JBGS - Free Report) by 2,811.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,032 shares of the company's stock after purchasing an additional 13,550 shares during the quarter. Russell Investments Group Ltd.'s holdings in JBG SMITH Properties were worth $226,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Resona Asset Management Co. Ltd. raised its holdings in shares of JBG SMITH Properties by 10.6% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 37,005 shares of the company's stock worth $590,000 after purchasing an additional 3,561 shares during the period. Public Sector Pension Investment Board raised its holdings in shares of JBG SMITH Properties by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 267,860 shares of the company's stock valued at $4,315,000 after buying an additional 57,387 shares during the period. Nuveen LLC purchased a new stake in shares of JBG SMITH Properties during the 1st quarter valued at about $4,364,000. Invesco Ltd. raised 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 buying an additional 72,318 shares during the period. Finally, Citigroup Inc. raised its holdings in shares of JBG SMITH Properties by 1.0% during the 1st quarter. Citigroup Inc. now owns 3,166,389 shares of the company's stock valued at $51,011,000 after buying an additional 29,805 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at JBG SMITH Properties

In other JBG SMITH Properties news, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties 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 directly owned 2,750 shares in the company, valued at $59,317.50. The trade was a 67.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Angela Valdes sold 10,098 shares of JBG SMITH Properties 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 owned by insiders.

JBG SMITH Properties Price Performance

JBGS stock opened at $21.31 on Wednesday. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 1.88. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $22.45. The stock's 50 day moving average is $19.28 and its two-hundred day moving average is $17.06. The company has a market capitalization of $1.32 billion, a PE ratio of -11.28 and a beta of 1.33.

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 (EPS) 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 company had revenue of $126.48 million for the quarter, compared to the consensus estimate of $116.76 million.

JBG SMITH Properties Announces Dividend

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 dividend of $0.175 per share. The ex-dividend date was Thursday, August 7th. This represents a $0.70 annualized dividend and a yield of 3.3%. JBG SMITH Properties's payout ratio is currently -37.04%.

Analyst Upgrades and Downgrades

JBGS has been the topic of several analyst reports. Wall Street Zen upgraded JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Evercore ISI raised their target price 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 analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties currently has an average rating of "Sell" and a consensus price target of $16.00.

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.

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