Strs Ohio Invests $251,000 in JBG SMITH Properties $JBGS

Strs Ohio acquired a new position in shares of JBG SMITH Properties (NYSE:JBGS) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,600 shares of the company’s stock, valued at approximately $251,000.

A number of other hedge funds also recently made changes to their positions in JBGS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of JBG SMITH Properties by 554.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock worth $10,847,000 after acquiring an additional 570,428 shares during the last quarter. Nuveen LLC bought a new stake in shares of JBG SMITH Properties during the 1st quarter worth $4,364,000. Victory Capital Management Inc. raised its position in JBG SMITH Properties by 167.7% in the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company’s stock worth $4,118,000 after purchasing an additional 160,132 shares during the period. Allianz Asset Management GmbH raised its position in JBG SMITH Properties by 50.4% in the 1st quarter. Allianz Asset Management GmbH now owns 404,137 shares of the company’s stock worth $6,511,000 after purchasing an additional 135,440 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in JBG SMITH Properties by 3.5% in the 1st 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. 98.46% of the stock is owned by institutional investors.

Insider Buying and Selling at JBG SMITH Properties

In other JBG SMITH Properties news, CAO Angela Valdes sold 10,098 shares of the company’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $21.53, for a total value of $217,409.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CIO George Laucks Xanders sold 4,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $23.44, for a total transaction of $93,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,457 shares of company stock worth $661,800 in the last ninety days. 4.40% of the stock is owned by company insiders.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS opened at $22.86 on Thursday. JBG SMITH Properties has a 1 year low of $13.28 and a 1 year high of $24.30. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.54. The company’s 50-day moving average is $21.10 and its 200 day moving average is $17.94. The stock has a market capitalization of $1.41 billion, a P/E ratio of -12.10 and a beta of 1.33.

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

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Thursday, August 7th. JBG SMITH Properties’s dividend payout ratio is -37.04%.

Analysts Set New Price Targets

JBGS has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Evercore ISI restated an “underperform” rating on shares of JBG SMITH Properties in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell” and an average price target of $17.00.

About JBG SMITH Properties

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.