Capital Fund Management S.A. Acquires New Stake in JBG SMITH Properties $JBGS

Capital Fund Management S.A. bought a new position in shares of JBG SMITH Properties (NYSE:JBGS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,751 shares of the company’s stock, valued at approximately $895,000. Capital Fund Management S.A. owned approximately 0.08% of JBG SMITH Properties at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in shares of JBG SMITH Properties by 6.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,461 shares of the company’s stock valued at $216,000 after purchasing an additional 710 shares during the period. MAI Capital Management boosted its stake in JBG SMITH Properties by 17.1% during the second quarter. MAI Capital Management now owns 4,901 shares of the company’s stock valued at $85,000 after buying an additional 717 shares in the last quarter. Aberdeen Group plc grew its holdings in JBG SMITH Properties by 3.6% during the first quarter. Aberdeen Group plc now owns 22,285 shares of the company’s stock worth $359,000 after acquiring an additional 777 shares during the period. Swiss National Bank grew its holdings in JBG SMITH Properties by 0.7% during the second quarter. Swiss National Bank now owns 156,658 shares of the company’s stock worth $2,710,000 after acquiring an additional 1,100 shares during the period. Finally, Metis Global Partners LLC raised its position in JBG SMITH Properties by 12.6% in the second quarter. Metis Global Partners LLC now owns 12,059 shares of the company’s stock worth $209,000 after acquiring an additional 1,353 shares in the last quarter. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Price Performance

JBGS stock opened at $17.93 on Friday. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 2.06. JBG SMITH Properties has a one year low of $13.28 and a one year high of $24.30. The firm has a market capitalization of $1.06 billion, a PE ratio of -8.74 and a beta of 1.15. The firm has a 50-day moving average of $19.56 and a two-hundred day moving average of $19.53.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.49) by $0.64. The business had revenue of $123.87 million for the quarter, compared to the consensus estimate of $120.57 million. JBG SMITH Properties had a negative net margin of 30.57% and a negative return on equity of 10.41%.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, November 6th. JBG SMITH Properties’s payout ratio is -34.15%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JBGS shares. Weiss Ratings restated a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Evercore ISI reduced their target price on shares of JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a report on Friday, November 14th. Finally, New Street Research set a $19.00 price target on shares of JBG SMITH Properties in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, JBG SMITH Properties has a consensus rating of “Sell” and an average price target of $18.50.

Insider Activity

In related news, insider Steven A. Museles sold 16,253 shares of the stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $19.58, for a total value of $318,233.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CIO George Laucks Xanders sold 4,000 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $23.44, for a total value of $93,760.00. The SEC filing for this sale provides additional information. Insiders sold 45,015 shares of company stock worth $933,040 over the last quarter. Corporate insiders own 4.40% of the company’s stock.

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.