Russell Investments Group Ltd. raised its stake in JBG SMITH Properties (NYSE:JBGS) by 22.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,255 shares of the company’s stock after purchasing an additional 5,620 shares during the quarter. Russell Investments Group Ltd.’s holdings in JBG SMITH Properties were worth $953,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in JBGS. Dupont Capital Management Corp acquired a new position in shares of JBG SMITH Properties during the 2nd quarter valued at $1,517,000. Eagle Bay Advisors LLC acquired a new position in shares of JBG SMITH Properties during the 2nd quarter valued at $40,000. Arkadios Wealth Advisors lifted its holdings in shares of JBG SMITH Properties by 252.9% during the 2nd quarter. Arkadios Wealth Advisors now owns 1,048 shares of the company’s stock valued at $33,000 after acquiring an additional 751 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of JBG SMITH Properties by 13.8% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 9,249 shares of the company’s stock valued at $291,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of JBG SMITH Properties by 1.1% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 37,720 shares of the company’s stock valued at $1,189,000 after acquiring an additional 422 shares in the last quarter. Institutional investors own 79.14% of the company’s stock.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of JBG SMITH Properties from a “buy” rating to a “hold” rating in a report on Wednesday, September 15th. BMO Capital Markets began coverage on shares of JBG SMITH Properties in a research note on Monday, July 12th. They set an “outperform” rating and a $40.00 price target on the stock.
JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, August 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.36). JBG SMITH Properties had a negative return on equity of 2.85% and a negative net margin of 14.87%. Analysts forecast that JBG SMITH Properties will post 1.45 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Friday, August 13th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Thursday, August 12th. JBG SMITH Properties’s payout ratio is currently 75.63%.
JBG SMITH Properties Company Profile
JBG SMITH Properties is a real estate investment trust. The firm engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Commercial, Multifamily, and Other. The company was founded on October 27, 2016 and is headquartered in Bethesda, MD.
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