Victory Capital Management Inc. Raises Stock Holdings in 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. boosted its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 167.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,604 shares of the company's stock after acquiring an additional 160,132 shares during the period. Victory Capital Management Inc. owned 0.31% of JBG SMITH Properties worth $4,118,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in JBG SMITH Properties by 1.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company's stock valued at $713,000 after purchasing an additional 662 shares during the last quarter. State of Tennessee Department of Treasury lifted its position in JBG SMITH Properties by 2.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company's stock valued at $653,000 after purchasing an additional 818 shares during the last quarter. Bank of Montreal Can lifted its position in JBG SMITH Properties by 8.5% during the fourth quarter. Bank of Montreal Can now owns 11,928 shares of the company's stock valued at $183,000 after purchasing an additional 939 shares during the last quarter. Versant Capital Management Inc lifted its position in JBG SMITH Properties by 113.7% during the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after purchasing an additional 1,795 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in JBG SMITH Properties by 3.1% during 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 last quarter. Hedge funds and other institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Price Performance

JBG SMITH Properties stock traded up $0.21 during mid-day trading on Thursday, hitting $21.69. 477,007 shares of the company traded hands, compared to its average volume of 1,159,700. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -11.46 and a beta of 1.24. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.40 and a current ratio of 3.40. JBG SMITH Properties has a one year low of $13.28 and a one year high of $22.45. The stock has a fifty day moving average price of $17.88 and a 200-day moving average price of $16.17.

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, topping 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 8.63%.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.23%. JBG SMITH Properties's payout ratio is -37.43%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a research report 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.