Invesco Ltd. Boosts Stake in JBG SMITH Properties (NYSE:JBGS)

Invesco Ltd. grew its position in JBG SMITH Properties (NYSE:JBGS - Free Report) by 94.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 691,230 shares of the company's stock after buying an additional 335,661 shares during the quarter. Invesco Ltd. owned 0.82% of JBG SMITH Properties worth $10,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Franklin Resources Inc. purchased a new stake in JBG SMITH Properties during the 3rd quarter worth about $500,000. Harbor Capital Advisors Inc. lifted its holdings in JBG SMITH Properties by 26.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 63,328 shares of the company's stock worth $973,000 after buying an additional 13,100 shares during the last quarter. Inspire Investing LLC lifted its holdings in JBG SMITH Properties by 12.0% during the 4th quarter. Inspire Investing LLC now owns 26,223 shares of the company's stock worth $403,000 after buying an additional 2,818 shares during the last quarter. KBC Group NV lifted its holdings in JBG SMITH Properties by 64.9% during the 4th quarter. KBC Group NV now owns 5,677 shares of the company's stock worth $87,000 after buying an additional 2,234 shares during the last quarter. Finally, abrdn plc lifted its holdings in JBG SMITH Properties by 30.6% during the 4th quarter. abrdn plc now owns 21,508 shares of the company's stock worth $326,000 after buying an additional 5,041 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Up 0.4 %

NYSE JBGS traded up $0.06 during trading on Monday, reaching $14.69. 646,913 shares of the company's stock were exchanged, compared to its average volume of 818,605. The stock has a market cap of $1.21 billion, a P/E ratio of -8.80 and a beta of 1.08. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73. The company has a 50 day moving average price of $15.18 and a two-hundred day moving average price of $15.74. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.52. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%. The business had revenue of $108.43 million during the quarter, compared to the consensus estimate of $116.31 million.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.77%. The ex-dividend date of this dividend is Thursday, May 8th. JBG SMITH Properties's payout ratio is currently -41.92%.

About JBG SMITH Properties

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.