Charles Schwab Investment Management Inc. Has $34.12 Million Position in JBG SMITH Properties (NYSE:JBGS)

Charles Schwab Investment Management Inc. boosted its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,220,008 shares of the company’s stock after acquiring an additional 45,514 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.63% of JBG SMITH Properties worth $34,122,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of JBGS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in JBG SMITH Properties by 430.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock worth $10,712,000 after acquiring an additional 497,288 shares in the last quarter. Jane Street Group LLC raised its stake in JBG SMITH Properties by 33.4% during the third quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock worth $6,275,000 after acquiring an additional 89,812 shares in the last quarter. Quantinno Capital Management LP raised its stake in JBG SMITH Properties by 105.8% during the third quarter. Quantinno Capital Management LP now owns 70,823 shares of the company’s stock worth $1,238,000 after acquiring an additional 36,412 shares in the last quarter. Citigroup Inc. raised its stake in JBG SMITH Properties by 1.1% during the third quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock worth $51,115,000 after acquiring an additional 32,027 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new position in JBG SMITH Properties during the third quarter worth $500,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Performance

Shares of NYSE:JBGS opened at $14.64 on Monday. JBG SMITH Properties has a twelve month low of $13.65 and a twelve month high of $18.86. The firm has a market cap of $1.21 billion, a PE ratio of -8.76 and a beta of 1.12. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73. The business has a fifty day moving average of $15.08 and a 200-day moving average of $16.28.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.52. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%. The company had revenue of $108.43 million during the quarter, compared to analyst estimates of $116.31 million.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered JBG SMITH Properties from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $18.00 to $15.00 in a research note on Tuesday, December 3rd.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.