Steward Partners Investment Advisory LLC raised its position in shares of JBG SMITH Properties (NYSE:JBGS) by 43.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,976 shares of the company’s stock after buying an additional 601 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in JBG SMITH Properties were worth $77,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Eii Capital Management Inc. grew its holdings in JBG SMITH Properties by 4.7% during the 3rd quarter. Eii Capital Management Inc. now owns 8,252 shares of the company’s stock valued at $324,000 after buying an additional 367 shares in the last quarter. State of New Jersey Common Pension Fund D grew its holdings in JBG SMITH Properties by 680.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 121,000 shares of the company’s stock valued at $4,745,000 after buying an additional 105,500 shares in the last quarter. 6 Meridian grew its holdings in JBG SMITH Properties by 9.5% during the 3rd quarter. 6 Meridian now owns 14,208 shares of the company’s stock valued at $557,000 after buying an additional 1,234 shares in the last quarter. CWM LLC purchased a new position in JBG SMITH Properties during the 3rd quarter valued at approximately $131,000. Finally, Virginia Retirement Systems ET AL purchased a new position in JBG SMITH Properties during the 3rd quarter valued at approximately $1,263,000. Institutional investors and hedge funds own 86.65% of the company’s stock.
Several research firms have weighed in on JBGS. ValuEngine cut JBG SMITH Properties from a “buy” rating to a “hold” rating in a report on Thursday, September 5th. Zacks Investment Research cut JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Bank of America started coverage on JBG SMITH Properties in a research note on Thursday, August 15th. They issued a “neutral” rating and a $42.00 price objective for the company.
NYSE:JBGS opened at $39.68 on Friday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 8.86 and a beta of 0.69. JBG SMITH Properties has a 1 year low of $33.30 and a 1 year high of $43.21. The business has a 50 day simple moving average of $39.50 and a 200-day simple moving average of $39.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.65 and a quick ratio of 3.65.
The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 14th will be paid a $0.225 dividend. The ex-dividend date is Wednesday, November 13th. JBG SMITH Properties’s payout ratio is 52.02%.
About JBG SMITH Properties
JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.
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