Bayforest Capital Ltd Buys Shares of 42,232 JBG SMITH Properties $JBGS

Bayforest Capital Ltd bought a new position in shares of JBG SMITH Properties (NYSE:JBGS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 42,232 shares of the company’s stock, valued at approximately $940,000. JBG SMITH Properties accounts for about 0.4% of Bayforest Capital Ltd’s holdings, making the stock its 21st biggest holding. Bayforest Capital Ltd owned 0.07% of JBG SMITH Properties as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JBGS. CWM LLC increased its holdings in JBG SMITH Properties by 65.1% in the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock valued at $29,000 after purchasing an additional 510 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in JBG SMITH Properties by 113.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock worth $57,000 after acquiring an additional 1,741 shares in the last quarter. Farther Finance Advisors LLC grew its position in JBG SMITH Properties by 20.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,289 shares of the company’s stock valued at $73,000 after acquiring an additional 569 shares in the last quarter. MAI Capital Management increased 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 worth $85,000 after purchasing an additional 717 shares during the period. Finally, Manchester Capital Management LLC acquired a new stake in shares of JBG SMITH Properties during the second quarter worth about $96,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Steven A. Museles sold 16,253 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $19.58, for a total transaction of $318,233.74. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.40% of the stock is currently owned by company insiders.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS opened at $17.13 on Friday. The stock’s 50-day simple moving average is $17.68 and its 200-day simple moving average is $19.50. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.67 and a current ratio of 3.67. The firm has a market capitalization of $1.01 billion, a PE ratio of -8.36 and a beta of 1.15. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $24.30.

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

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 13th. Stockholders of record on Tuesday, December 30th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, December 30th. JBG SMITH Properties’s payout ratio is presently -34.15%.

Analyst Upgrades and Downgrades

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

JBG SMITH Properties Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.