Allianz Asset Management GmbH Boosts Position in JBG SMITH Properties $JBGS

Allianz Asset Management GmbH raised its position in JBG SMITH Properties (NYSE:JBGS) by 51.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 804,190 shares of the company’s stock after acquiring an additional 273,118 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.36% of JBG SMITH Properties worth $17,893,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in JBGS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of JBG SMITH Properties by 554.4% in the first 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 buying an additional 570,428 shares during the last quarter. HRT Financial LP purchased a new position in JBG SMITH Properties during the second quarter valued at $5,295,000. Long Pond Capital LP grew its holdings in JBG SMITH Properties by 6.4% during the second quarter. Long Pond Capital LP now owns 3,834,033 shares of the company’s stock valued at $66,329,000 after purchasing an additional 230,150 shares during the period. WINTON GROUP Ltd purchased a new stake in JBG SMITH Properties in the second quarter worth about $3,183,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of JBG SMITH Properties in the third quarter worth about $3,324,000. 98.46% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JBGS shares. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Evercore reduced their price objective on shares of JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a research note on Friday, November 14th. Finally, Wall Street Zen downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties presently has an average rating of “Sell” and a consensus target price of $18.50.

JBG SMITH Properties Trading Up 1.4%

JBGS stock opened at $16.65 on Friday. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $24.30. The firm’s 50-day moving average is $17.20 and its 200 day moving average is $19.39. The company has a market capitalization of $985.35 million, a PE ratio of -8.12 and a beta of 1.15. The company has a debt-to-equity ratio of 2.06, a current ratio of 3.67 and a quick ratio of 3.67.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.175 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.2%. JBG SMITH Properties’s dividend payout ratio is currently -34.15%.

About JBG SMITH Properties

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.