Campbell & CO Investment Adviser LLC Buys New Shares in JBG SMITH Properties $JBGS

Campbell & CO Investment Adviser LLC bought a new position in JBG SMITH Properties (NYSE:JBGS) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 32,363 shares of the company’s stock, valued at approximately $720,000. Campbell & CO Investment Adviser LLC owned 0.05% of JBG SMITH Properties as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in JBGS. Long Pond Capital LP lifted its stake in shares of JBG SMITH Properties by 6.4% in the 2nd quarter. Long Pond Capital LP now owns 3,834,033 shares of the company’s stock valued at $66,329,000 after acquiring an additional 230,150 shares during the last quarter. Bank of New York Mellon Corp lifted its position in JBG SMITH Properties by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 720,423 shares of the company’s stock valued at $12,463,000 after purchasing an additional 14,815 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 valued at $10,847,000 after purchasing an additional 570,428 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of JBG SMITH Properties by 6.3% during the second quarter. Bank of America Corp DE now owns 567,010 shares of the company’s stock valued at $9,809,000 after purchasing an additional 33,511 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of JBG SMITH Properties by 31.4% in the second quarter. Allianz Asset Management GmbH now owns 531,072 shares of the company’s stock worth $9,188,000 after purchasing an additional 126,935 shares during the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Trading Down 2.0%

NYSE:JBGS opened at $17.27 on Wednesday. The company has a 50-day moving average price of $17.52 and a 200-day moving average price of $19.52. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -8.43 and a beta of 1.15. 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 12 month low of $13.28 and a 12 month high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 was paid on Tuesday, January 13th. Stockholders of record on Tuesday, December 30th were given a $0.175 dividend. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.1%. JBG SMITH Properties’s dividend payout ratio is currently -34.15%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other 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 value of $318,233.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.40% of the company’s stock.

JBG SMITH Properties Company 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.