Victory Capital Management Inc. Buys 160,132 Shares of JBG SMITH Properties (NYSE:JBGS)

Key Points

• Victory Capital Management Inc. significantly increased its stake in JBG SMITH Properties, acquiring an additional 160,132 shares, raising its ownership to 255,604 shares valued at approximately $4.1 million.
• Other institutional investors also showed strong interest, with Sterling Capital Management growing its holdings by 814.6% and Farther Finance Advisors increasing theirs by 1,052.9% during recent quarters.
• JBG SMITH Properties announced a quarterly dividend of $0.175 per share, representing an annualized yield of 3.58%, payable to shareholders on record as of August 7th.

Victory Capital Management Inc. lifted its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 167.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 255,604 shares of the company's stock after buying an additional 160,132 shares during the quarter. Victory Capital Management Inc. owned about 0.31% of JBG SMITH Properties worth $4,118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of JBGS. Sterling Capital Management LLC grew its holdings in shares of JBG SMITH Properties by 814.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock worth $40,000 after purchasing an additional 2,289 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of JBG SMITH Properties by 1,052.9% during the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock worth $42,000 after purchasing an additional 2,390 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of JBG SMITH Properties by 113.7% during the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock worth $54,000 after purchasing an additional 1,795 shares during the last quarter. State of Wyoming bought a new stake in shares of JBG SMITH Properties during the fourth quarter worth about $98,000. Finally, M&T Bank Corp bought a new stake in shares of JBG SMITH Properties during the first quarter worth about $170,000. Institutional investors and hedge funds own 98.46% of the company's stock.

Analyst Ratings Changes

Separately, Evercore ISI upped 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.

JBG SMITH Properties Stock Up 1.5%

Shares of NYSE JBGS opened at $19.55 on Monday. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $19.60. The business has a 50-day simple moving average of $17.67 and a two-hundred day simple moving average of $16.08. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 1.60. The company has a market cap of $1.43 billion, a P/E ratio of -10.45 and a beta of 1.24.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.42) by $0.51. The company had revenue of $120.69 million for the quarter, compared to analysts' expectations of $124.35 million. JBG SMITH Properties had a negative return on equity of 8.59% and a negative net margin of 30.02%.

JBG SMITH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, August 7th. JBG SMITH Properties's payout ratio is -37.43%.

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.

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