Victory Capital Management Inc. Grows Position in JBG SMITH Properties (NYSE:JBGS)

Victory Capital Management Inc. increased its position in JBG SMITH Properties (NYSE:JBGS) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,171 shares of the company’s stock after purchasing an additional 10,203 shares during the period. Victory Capital Management Inc. owned 0.09% of JBG SMITH Properties worth $1,331,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JBGS. Blue Trust Inc. grew its position in shares of JBG SMITH Properties by 706.3% in the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock worth $33,000 after buying an additional 1,674 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of JBG SMITH Properties by 30.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after purchasing an additional 753 shares during the last quarter. Bfsg LLC boosted its position in shares of JBG SMITH Properties by 9.5% in the 2nd quarter. Bfsg LLC now owns 12,655 shares of the company’s stock worth $193,000 after purchasing an additional 1,102 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of JBG SMITH Properties by 4.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock worth $282,000 after buying an additional 702 shares during the last quarter. Finally, Inspire Investing LLC increased its position in JBG SMITH Properties by 4.2% during the 2nd quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock valued at $354,000 after buying an additional 937 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI increased their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th.

JBG SMITH Properties Stock Up 0.3 %

NYSE:JBGS opened at $16.73 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. The firm has a market cap of $1.41 billion, a P/E ratio of -12.87 and a beta of 1.10. JBG SMITH Properties has a fifty-two week low of $13.03 and a fifty-two week high of $18.86. The firm has a 50-day simple moving average of $17.28 and a two-hundred day simple moving average of $16.41.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.03. The company had revenue of $136.03 million during the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date of this dividend was Thursday, November 7th. JBG SMITH Properties’s payout ratio is currently -53.85%.

JBG SMITH Properties Company 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.