Deutsche Bank AG Purchases 64,262 Shares of JBG SMITH Properties $JBGS

Deutsche Bank AG lifted its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 51.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 190,164 shares of the company’s stock after purchasing an additional 64,262 shares during the period. Deutsche Bank AG owned approximately 0.26% of JBG SMITH Properties worth $3,064,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in JBG SMITH Properties by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company’s stock worth $37,033,000 after purchasing an additional 78,737 shares during the period. Private Management Group Inc. increased its stake in JBG SMITH Properties by 0.7% in the 1st quarter. Private Management Group Inc. now owns 1,732,208 shares of the company’s stock valued at $27,906,000 after buying an additional 11,669 shares during the last quarter. Northern Trust Corp increased its stake in JBG SMITH Properties by 75.8% in the 4th quarter. Northern Trust Corp now owns 1,631,630 shares of the company’s stock valued at $25,078,000 after buying an additional 703,538 shares during the last quarter. Invesco Ltd. increased its stake in JBG SMITH Properties by 94.4% in the 4th quarter. Invesco Ltd. now owns 691,230 shares of the company’s stock valued at $10,624,000 after buying an additional 335,661 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of JBG SMITH Properties by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 420,525 shares of the company’s stock valued at $6,775,000 after acquiring an additional 11,005 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on JBGS. Evercore ISI lifted their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, JBG SMITH Properties currently has a consensus rating of “Sell” and a consensus price target of $16.00.

Insider Buying and Selling

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

JBG SMITH Properties Stock Performance

JBGS opened at $20.5850 on Wednesday. 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 company’s fifty day moving average price is $18.69 and its two-hundred day moving average price is $16.65. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $22.45. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -10.89 and a beta of 1.28.

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

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Thursday, August 7th. JBG SMITH Properties’s dividend payout ratio (DPR) is -37.04%.

JBG SMITH Properties Company 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.