CenterBook Partners LP Acquires 157,072 Shares of JBG SMITH Properties $JBGS

CenterBook Partners LP bought a new stake in JBG SMITH Properties (NYSE:JBGS) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 157,072 shares of the company’s stock, valued at approximately $1,577,000.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. bought a new stake in JBG SMITH Properties in the second quarter valued at about $164,185,000. Legal & General Group Plc bought a new position in JBG SMITH Properties during the 2nd quarter worth approximately $4,893,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in JBG SMITH Properties by 16,414.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,722 shares of the company’s stock worth $7,331,000 after buying an additional 496,696 shares during the last quarter. Bank of New York Mellon Corp bought a new position in JBG SMITH Properties during the 2nd quarter worth approximately $6,687,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of JBG SMITH Properties in the 2nd quarter worth approximately $781,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Stock Performance

Shares of JBGS stock opened at $12.40 on Tuesday. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. The business has a 50 day moving average of $11.28 and a two-hundred day moving average of $13.83. JBG SMITH Properties has a 52 week low of $9.93 and a 52 week high of $18.71. The company has a market cap of $726.22 million, a P/E ratio of 18.34 and a beta of 1.12.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Friday, November 6th. The company reported ($1.41) earnings per share for the quarter. The company had revenue of $132.41 million for the quarter. JBG SMITH Properties had a negative return on equity of 13.31% and a negative net margin of 29.89%.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Thursday, November 12th will be issued a $0.1750 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, November 12th. JBG SMITH Properties’s dividend payout ratio (DPR) is -19.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on JBGS. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Friday, September 4th. Capital One Financial set a $13.00 price objective on JBG SMITH Properties in a research note on Tuesday, August 4th. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, October 17th. BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Evercore reiterated an “underperform” rating and set a $12.00 target price on shares of JBG SMITH Properties in a research note on Monday, September 21st. Three analysts have rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus target price of $12.50.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.

The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH’s activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.