Yorkville Advisors Global LP Invests $2.10 Million in JBG SMITH Properties $JBGS

Yorkville Advisors Global LP bought a new stake in JBG SMITH Properties (NYSE:JBGS) in the 1st quarter, HoldingsChannel.com reports. The firm bought 143,918 shares of the company’s stock, valued at approximately $2,103,000. JBG SMITH Properties makes up 1.3% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JBGS. Daiwa Securities Group Inc. raised its stake in JBG SMITH Properties by 2.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 23,140 shares of the company’s stock worth $394,000 after buying an additional 655 shares during the period. Ballentine Partners LLC increased its holdings in shares of JBG SMITH Properties by 5.0% during the fourth quarter. Ballentine Partners LLC now owns 14,472 shares of the company’s stock valued at $246,000 after acquiring an additional 683 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of JBG SMITH Properties by 51.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock valued at $38,000 after acquiring an additional 765 shares in the last quarter. State of Tennessee Department of Treasury raised its position in shares of JBG SMITH Properties by 2.1% during the second quarter. State of Tennessee Department of Treasury now owns 38,993 shares of the company’s stock worth $675,000 after purchasing an additional 798 shares during the period. Finally, Royal Bank of Canada raised its position in shares of JBG SMITH Properties by 20.6% during the fourth quarter. Royal Bank of Canada now owns 4,908 shares of the company’s stock worth $84,000 after purchasing an additional 837 shares during the period. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS opened at $14.38 on Thursday. JBG SMITH Properties has a fifty-two week low of $13.71 and a fifty-two week high of $24.30. The stock has a market cap of $837.55 million, a price-to-earnings ratio of -7.69 and a beta of 1.07. The company has a debt-to-equity ratio of 2.22, a quick ratio of 4.53 and a current ratio of 4.53. The firm’s 50-day simple moving average is $14.63 and its 200 day simple moving average is $15.32.

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. The company had revenue of $127.60 million for the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%.

JBG SMITH Properties Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. JBG SMITH Properties’s payout ratio is presently -37.43%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JBGS. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Monday, June 8th. Wall Street Zen upgraded shares of 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, Based on data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus price target of $18.50.

Insider Activity

In related news, insider Steven A. Museles sold 20,010 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $15.01, for a total transaction of $300,350.10. Following the completion of the sale, the insider owned 12,032 shares in the company, valued at approximately $180,600.32. This represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.90% of the stock is currently owned by insiders.

JBG SMITH Properties Company 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.