Intech Investment Management LLC Has $2.29 Million Stake in JBG SMITH Properties $JBGS

Intech Investment Management LLC increased its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 357.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,649 shares of the company’s stock after acquiring an additional 105,201 shares during the period. Intech Investment Management LLC owned about 0.23% of JBG SMITH Properties worth $2,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBGS. Wellington Management Group LLP acquired a new stake in shares of JBG SMITH Properties during the third quarter worth $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of JBG SMITH Properties by 554.4% during the first 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 acquiring an additional 570,428 shares during the period. Millennium Management LLC raised its holdings in shares of JBG SMITH Properties by 263.3% during the third quarter. Millennium Management LLC now owns 535,496 shares of the company’s stock worth $11,915,000 after acquiring an additional 388,113 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of JBG SMITH Properties during the third quarter worth $8,576,000. Finally, SG Americas Securities LLC raised its holdings in shares of JBG SMITH Properties by 7,444.7% during the fourth quarter. SG Americas Securities LLC now owns 382,971 shares of the company’s stock worth $6,514,000 after acquiring an additional 377,895 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Down 2.4%

Shares of JBGS stock opened at $14.40 on Thursday. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22. JBG SMITH Properties has a 1 year low of $13.99 and a 1 year high of $24.30. The firm’s fifty day moving average price is $14.91 and its two-hundred day moving average price is $16.04. The firm has a market capitalization of $839.12 million, a P/E ratio of -7.70 and a beta of 1.08.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.32) earnings per share (EPS) for the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%. The business had revenue of $127.60 million during the quarter.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.9%. The ex-dividend date was Thursday, May 14th. JBG SMITH Properties’s payout ratio is presently -37.43%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, JBG SMITH Properties presently has a consensus rating of “Sell” and an average price target of $18.50.

JBG SMITH Properties Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.