Jupiter Asset Management Ltd. Makes New Investment in JBG SMITH Properties (NYSE:JBGS)

Jupiter Asset Management Ltd. bought a new position in JBG SMITH Properties (NYSE:JBGS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 31,197 shares of the company’s stock, valued at approximately $475,000.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in JBG SMITH Properties in the fourth quarter worth about $102,535,000. Private Management Group Inc. grew its stake in shares of JBG SMITH Properties by 28.8% during the second quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock worth $30,859,000 after acquiring an additional 452,901 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of JBG SMITH Properties by 1.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,947,011 shares of the company’s stock worth $33,119,000 after acquiring an additional 22,776 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of JBG SMITH Properties by 13.6% during the fourth quarter. Wellington Management Group LLP now owns 1,286,706 shares of the company’s stock worth $21,887,000 after acquiring an additional 153,552 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of JBG SMITH Properties by 4.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 186,439 shares of the company’s stock worth $2,988,000 after acquiring an additional 8,235 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors.

JBG SMITH Properties Price Performance

Shares of JBGS stock opened at $18.23 on Friday. JBG SMITH Properties has a fifty-two week low of $12.63 and a fifty-two week high of $18.25. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -13.12 and a beta of 1.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 3.88. The stock’s 50-day simple moving average is $16.85 and its 200-day simple moving average is $15.85.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. JBG SMITH Properties had a negative return on equity of 6.64% and a negative net margin of 25.40%. The business had revenue of $135.32 million for the quarter.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were given a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.84%. JBG SMITH Properties’s dividend payout ratio is currently -50.36%.

JBG SMITH Properties Profile

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.