Franklin Resources Inc. Buys Shares of 28,393 JBG SMITH Properties (NYSE:JBGS)

Franklin Resources Inc. purchased a new stake in shares of JBG SMITH Properties (NYSE:JBGS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 28,393 shares of the company’s stock, valued at approximately $500,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wolverine Asset Management LLC increased its holdings in JBG SMITH Properties by 678.7% during the second quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock valued at $2,008,000 after buying an additional 114,891 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of JBG SMITH Properties by 26.0% during the 2nd quarter. Victory Capital Management Inc. now owns 65,968 shares of the company’s stock valued at $1,005,000 after acquiring an additional 13,613 shares during the period. Quest Partners LLC increased its stake in shares of JBG SMITH Properties by 1,003.3% in the 2nd quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock worth $2,432,000 after purchasing an additional 145,194 shares in the last quarter. Private Management Group Inc. raised its holdings in JBG SMITH Properties by 28.8% in the 2nd quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock worth $30,859,000 after purchasing an additional 452,901 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in JBG SMITH Properties during the second quarter valued at $475,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on JBGS shares. BMO Capital Markets cut JBG SMITH Properties from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $18.00 to $15.00 in a research report on Tuesday, December 3rd. Evercore ISI increased their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a report on Monday, September 16th.

JBG SMITH Properties Trading Down 0.5 %

Shares of JBG SMITH Properties stock opened at $15.16 on Tuesday. JBG SMITH Properties has a fifty-two week low of $13.65 and a fifty-two week high of $18.86. 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 company has a market capitalization of $1.28 billion, a P/E ratio of -11.66 and a beta of 1.10. The company has a fifty day moving average of $16.43 and a 200 day moving average of $16.69.

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

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Monday, December 30th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.70 annualized dividend and a yield of 4.62%. JBG SMITH Properties’s payout ratio is -53.85%.

About JBG SMITH Properties

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.