Long Pond Capital LP cut its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 61.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 758,504 shares of the company’s stock after selling 1,215,913 shares during the quarter. JBG SMITH Properties makes up about 0.9% of Long Pond Capital LP’s investment portfolio, making the stock its 27th biggest position. Long Pond Capital LP owned about 0.57% of JBG SMITH Properties worth $29,840,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Marshall Wace North America L.P. purchased a new position in shares of JBG SMITH Properties during the first quarter valued at about $41,000. Steward Partners Investment Advisory LLC purchased a new position in shares of JBG SMITH Properties during the second quarter valued at about $54,000. Machina Capital S.A.S. grew its position in shares of JBG SMITH Properties by 594.6% during the second quarter. Machina Capital S.A.S. now owns 4,515 shares of the company’s stock valued at $178,000 after purchasing an additional 3,865 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of JBG SMITH Properties during the first quarter valued at about $221,000. Finally, World Asset Management Inc grew its position in shares of JBG SMITH Properties by 10.1% during the second quarter. World Asset Management Inc now owns 5,628 shares of the company’s stock valued at $221,000 after purchasing an additional 518 shares in the last quarter. 86.15% of the stock is currently owned by institutional investors and hedge funds.
JBGS has been the subject of a number of research analyst reports. ValuEngine lowered JBG SMITH Properties from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th. Bank of America initiated coverage on JBG SMITH Properties in a research report on Thursday, August 15th. They set a “neutral” rating and a $42.00 price objective for the company. Finally, Zacks Investment Research upgraded JBG SMITH Properties from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, August 13th.
JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.13. The company had revenue of $122.33 million during the quarter, compared to analyst estimates of $119.77 million. JBG SMITH Properties had a return on equity of 1.45% and a net margin of 7.12%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.45 earnings per share. On average, research analysts forecast that JBG SMITH Properties will post 1.57 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 26th. Investors of record on Tuesday, August 13th were given a $0.225 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.90 annualized dividend and a yield of 2.30%. JBG SMITH Properties’s dividend payout ratio is currently 52.02%.
JBG SMITH Properties Profile
JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.
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