Charles Schwab Investment Management Inc. Raises Stake in JBG SMITH Properties $JBGS

Charles Schwab Investment Management Inc. raised its stake in JBG SMITH Properties (NYSE:JBGS) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,298,745 shares of the company’s stock after buying an additional 78,737 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.15% of JBG SMITH Properties worth $37,033,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its stake in shares of JBG SMITH Properties by 814.6% in 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 last quarter. Farther Finance Advisors LLC lifted its stake in shares of JBG SMITH Properties by 1,052.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $42,000 after purchasing an additional 2,390 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of JBG SMITH Properties by 113.7% in the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company’s stock valued at $54,000 after purchasing an additional 1,795 shares during the last quarter. US Bancorp DE lifted its stake in shares of JBG SMITH Properties by 123.6% in the 1st quarter. US Bancorp DE now owns 3,787 shares of the company’s stock valued at $61,000 after purchasing an additional 2,093 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of JBG SMITH Properties in the 4th quarter valued at $98,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on JBGS shares. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Evercore ISI increased their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, May 19th.

Insider Transactions at JBG SMITH Properties

In other news, CIO George Laucks Xanders sold 5,600 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the sale, the executive owned 2,750 shares of the company’s stock, valued at approximately $59,317.50. This trade represents a 67.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Angela Valdes sold 10,098 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.53, for a total value of $217,409.94. The disclosure for this sale can be found here. 4.40% of the stock is owned by company insiders.

JBG SMITH Properties Price Performance

JBGS opened at $19.90 on Tuesday. The stock’s 50-day moving average price is $18.64 and its 200 day moving average price is $16.62. JBG SMITH Properties has a 12-month low of $13.28 and a 12-month high of $22.45. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 1.88. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -10.53 and a beta of 1.28.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.54) by $0.73. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%. The firm had revenue of $126.48 million for the quarter, compared to analyst estimates of $116.76 million.

JBG SMITH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.5%. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -37.04%.

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.