Nomura Asset Management Co. Ltd. Increases Holdings in JBG SMITH Properties (NYSE:JBGS)

Nomura Asset Management Co. Ltd. increased its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 3.1% during the third quarter, HoldingsChannel.com reports. The firm owned 111,200 shares of the company’s stock after buying an additional 3,300 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in JBG SMITH Properties were worth $1,944,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Citigroup Inc. boosted its holdings in JBG SMITH Properties by 1.1% in the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after purchasing an additional 32,027 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in JBG SMITH Properties by 430.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock valued at $10,712,000 after buying an additional 497,288 shares during the period. Charles Schwab Investment Management Inc. grew its position in JBG SMITH Properties by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after buying an additional 105,384 shares in the last quarter. Quest Partners LLC grew its position in JBG SMITH Properties by 1,003.3% during the second quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock worth $2,432,000 after buying an additional 145,194 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in JBG SMITH Properties by 678.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock worth $2,008,000 after acquiring an additional 114,891 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Up 0.4 %

JBGS opened at $16.31 on Friday. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $16.94 and its 200 day simple moving average is $16.58. JBG SMITH Properties has a 52 week low of $13.65 and a 52 week high of $18.86. The stock has a market cap of $1.38 billion, a PE ratio of -12.55 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.35) by $0.03. The company had revenue of $136.03 million for the quarter. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%.

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.29%. JBG SMITH Properties’s payout ratio is -53.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BMO Capital Markets downgraded JBG SMITH Properties from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $15.00 in a research report on Tuesday, December 3rd. Evercore ISI lifted their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a research report on Monday, September 16th.

JBG SMITH Properties Company Profile

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.