Allianz Asset Management GmbH Acquires 126,935 Shares of JBG SMITH Properties $JBGS

Allianz Asset Management GmbH lifted its holdings in JBG SMITH Properties (NYSE:JBGS) by 31.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 531,072 shares of the company’s stock after buying an additional 126,935 shares during the quarter. Allianz Asset Management GmbH owned about 0.73% of JBG SMITH Properties worth $9,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JBGS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in JBG SMITH Properties by 554.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock worth $10,847,000 after purchasing an additional 570,428 shares during the last quarter. Nuveen LLC bought a new stake in JBG SMITH Properties during the 1st quarter worth about $4,364,000. Victory Capital Management Inc. raised its holdings in JBG SMITH Properties by 167.7% during the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company’s stock worth $4,118,000 after purchasing an additional 160,132 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in JBG SMITH Properties by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company’s stock worth $37,033,000 after purchasing an additional 78,737 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in JBG SMITH Properties by 10.5% during the 1st quarter. Invesco Ltd. now owns 763,548 shares of the company’s stock worth $12,301,000 after purchasing an additional 72,318 shares during the last quarter. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Trading Up 1.4%

Shares of NYSE JBGS opened at $20.64 on Wednesday. The company’s fifty day moving average is $21.68 and its 200-day moving average is $18.71. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of -10.92 and a beta of 1.35. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $24.30. 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 (NYSE:JBGS) last announced its quarterly earnings results 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 company had revenue of $126.48 million for the quarter, compared to analysts’ expectations of $116.76 million. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a $0.175 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.70 annualized dividend and a dividend yield of 3.4%. JBG SMITH Properties’s payout ratio is currently -37.04%.

Insiders Place Their Bets

In related 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 value of $120,792.00. Following the completion of the transaction, the executive directly owned 2,750 shares in the company, valued at approximately $59,317.50. The trade was a 67.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Evan Regan-Levine sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $23.62, for a total value of $134,964.68. The disclosure for this sale can be found here. Insiders have sold a total of 29,457 shares of company stock valued at $661,800 over the last 90 days. 4.40% of the stock is owned by company insiders.

Analyst Ratings Changes

JBGS has been the subject of several recent research reports. New Street Research set a $19.00 price objective on JBG SMITH Properties in a report on Thursday, October 9th. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a report on Wednesday, October 8th. Finally, Evercore ISI lowered their price target on JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating for the company in a research note on Thursday, October 9th. Three analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Strong Sell” and a consensus price target of $17.67.

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.