Principal Financial Group Inc. Boosts Stock Holdings in JBG SMITH Properties (NYSE:JBGS)

Principal Financial Group Inc. increased its position in JBG SMITH Properties (NYSE:JBGS) by 2.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 420,525 shares of the company’s stock after acquiring an additional 11,005 shares during the quarter. Principal Financial Group Inc. owned about 0.51% of JBG SMITH Properties worth $6,775,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JBGS. Sterling Capital Management LLC increased its position in JBG SMITH Properties by 814.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company’s stock valued at $40,000 after purchasing an additional 2,289 shares during the period. Farther Finance Advisors LLC lifted its stake in JBG SMITH Properties by 1,052.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $42,000 after acquiring an additional 2,390 shares during the period. Versant Capital Management Inc lifted its stake in JBG SMITH Properties by 113.7% during the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company’s stock valued at $54,000 after acquiring an additional 1,795 shares during the period. State of Wyoming purchased a new stake in shares of JBG SMITH Properties during the 4th quarter valued at about $98,000. Finally, Yoffe Investment Management LLC purchased a new stake in shares of JBG SMITH Properties during the 4th quarter valued at about $169,000. 98.46% of the stock is currently owned by institutional investors.

JBG SMITH Properties Stock Performance

Shares of JBG SMITH Properties stock opened at $18.20 on Wednesday. The business has a 50-day moving average of $17.27 and a 200 day moving average of $15.88. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $18.86. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -9.73 and a beta of 1.24. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.40 and a quick ratio of 3.40.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.42) by $0.51. JBG SMITH Properties had a negative return on equity of 8.59% and a negative net margin of 30.02%. The company had revenue of $120.69 million for the quarter, compared to analyst estimates of $124.35 million.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.70 annualized dividend and a yield of 3.85%. JBG SMITH Properties’s dividend payout ratio is presently -37.43%.

Analyst Ratings Changes

Separately, Evercore ISI increased their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a research report on Monday, May 19th.

JBG SMITH Properties Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.