Jupiter Asset Management Ltd. Buys Shares of 80,177 JBG SMITH Properties $JBGS

Jupiter Asset Management Ltd. bought a new stake in JBG SMITH Properties (NYSE:JBGS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 80,177 shares of the company’s stock, valued at approximately $1,364,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its stake in shares of JBG SMITH Properties by 4.5% during the 3rd quarter. Ballentine Partners LLC now owns 13,789 shares of the company’s stock worth $307,000 after acquiring an additional 599 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of JBG SMITH Properties by 78.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock worth $32,000 after acquiring an additional 650 shares in the last quarter. State of Tennessee Department of Treasury boosted its stake in shares of JBG SMITH Properties by 2.1% during the 2nd quarter. State of Tennessee Department of Treasury now owns 38,993 shares of the company’s stock worth $675,000 after acquiring an additional 798 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of JBG SMITH Properties by 151.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after acquiring an additional 987 shares in the last quarter. Finally, Vert Asset Management LLC boosted its stake in shares of JBG SMITH Properties by 3.2% during the 4th quarter. Vert Asset Management LLC now owns 32,071 shares of the company’s stock worth $546,000 after acquiring an additional 997 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Performance

JBGS opened at $14.70 on Friday. The company has a market cap of $856.13 million, a PE ratio of -7.86 and a beta of 1.09. The stock has a 50-day moving average of $14.95 and a 200-day moving average of $16.13. JBG SMITH Properties has a 52-week low of $13.99 and a 52-week high of $24.30. The company has a debt-to-equity ratio of 2.22, a quick ratio of 4.53 and a current ratio of 4.53.

JBG SMITH Properties (NYSE:JBGS) last released 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 return on equity of 9.32% and a negative net margin of 22.16%.The company had revenue of $127.60 million for the quarter.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Thursday, May 14th. JBG SMITH Properties’s payout ratio is currently -37.43%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Sell rating, According to 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.