Vanguard Group Inc. Grows Position in JBG SMITH Properties (NYSE:JBGS)

Vanguard Group Inc. increased its position in shares of JBG SMITH Properties (NYSE:JBGS) by 5.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,875,986 shares of the company’s stock after purchasing an additional 928,558 shares during the period. Vanguard Group Inc. owned approximately 13.33% of JBG SMITH Properties worth $703,242,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in shares of JBG SMITH Properties by 13.7% during the 2nd quarter. Wells Fargo & Company MN now owns 156,095 shares of the company’s stock worth $6,141,000 after purchasing an additional 18,852 shares during the period. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in shares of JBG SMITH Properties during the 1st quarter worth about $237,000. Pendal Group Ltd boosted its stake in shares of JBG SMITH Properties by 9.2% during the 2nd quarter. Pendal Group Ltd now owns 19,557 shares of the company’s stock worth $730,000 after purchasing an additional 1,640 shares during the period. Geode Capital Management LLC boosted its stake in shares of JBG SMITH Properties by 12.4% during the 4th quarter. Geode Capital Management LLC now owns 1,382,879 shares of the company’s stock worth $48,138,000 after purchasing an additional 152,522 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of JBG SMITH Properties by 26.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,074,547 shares of the company’s stock worth $42,143,000 after purchasing an additional 225,051 shares during the period. 86.18% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties stock traded up $0.51 during trading hours on Wednesday, hitting $39.66. The company had a trading volume of 9,036 shares, compared to its average volume of 579,407. The firm has a market cap of $5.27 billion, a P/E ratio of 22.91, a P/E/G ratio of 6.39 and a beta of 0.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.65 and a current ratio of 3.65. JBG SMITH Properties has a 1 year low of $33.30 and a 1 year high of $43.21. The company has a 50-day moving average price of $38.63 and a two-hundred day moving average price of $40.19.



JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.13. The company had revenue of $122.33 million during the quarter, compared to analysts’ expectations of $119.77 million. JBG SMITH Properties had a net margin of 7.12% and a return on equity of 1.45%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.45 EPS. As a group, equities research analysts anticipate that JBG SMITH Properties will post 1.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Tuesday, August 13th were issued a $0.225 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.90 annualized dividend and a dividend yield of 2.27%. JBG SMITH Properties’s dividend payout ratio is currently 52.02%.

JBGS has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of JBG SMITH Properties from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research note on Tuesday, August 13th. Bank of America assumed coverage on shares of JBG SMITH Properties in a research note on Thursday, August 15th. They set a “neutral” rating and a $42.00 price target for the company. Finally, ValuEngine cut shares of JBG SMITH Properties from a “buy” rating to a “hold” rating in a research report on Thursday, September 5th.

About JBG SMITH Properties

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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Institutional Ownership by Quarter for JBG SMITH Properties (NYSE:JBGS)

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