JBG SMITH Properties $JBGS Shares Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its holdings in JBG SMITH Properties (NYSE:JBGS) by 10.6% during the first quarter, HoldingsChannel reports. The fund owned 37,005 shares of the company’s stock after buying an additional 3,561 shares during the period. Resona Asset Management Co. Ltd.’s holdings in JBG SMITH Properties were worth $590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas purchased a new position in JBG SMITH Properties during the first quarter worth about $189,000. Principal Financial Group Inc. boosted its holdings in JBG SMITH Properties by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 420,525 shares of the company’s stock valued at $6,775,000 after acquiring an additional 11,005 shares during the period. M&T Bank Corp purchased a new stake in JBG SMITH Properties during the 1st quarter worth approximately $170,000. Invesco Ltd. increased its position in shares of JBG SMITH Properties by 94.4% during the fourth quarter. Invesco Ltd. now owns 691,230 shares of the company’s stock worth $10,624,000 after acquiring an additional 335,661 shares during the period. Finally, Victory Capital Management Inc. raised its position in JBG SMITH Properties by 167.7% in the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company’s stock valued at $4,118,000 after purchasing an additional 160,132 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS opened at $19.71 on Monday. The firm has a market capitalization of $1.22 billion, a P/E ratio of -10.43 and a beta of 1.28. JBG SMITH Properties has a one year low of $13.28 and a one year high of $22.45. The company’s fifty day moving average is $18.59 and its two-hundred day moving average is $16.59. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54.

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, beating analysts’ consensus estimates of ($0.54) by $0.73. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%. The business had revenue of $126.48 million during the quarter, compared to analysts’ expectations of $116.76 million.

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 given 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 3.6%. JBG SMITH Properties’s payout ratio is currently -37.04%.

Insiders Place Their Bets

In related news, CAO Angela Valdes sold 10,098 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total value of $217,409.94. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CIO George Laucks Xanders sold 5,600 shares of the company’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the sale, the executive directly owned 2,750 shares of the company’s stock, valued at approximately $59,317.50. This trade represents a 67.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Evercore ISI increased 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. Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd.

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.