Intech Investment Management LLC Invests $400,000 in JBG SMITH Properties (NYSE:JBGS)

Intech Investment Management LLC purchased a new stake in shares of JBG SMITH Properties (NYSE:JBGS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,886 shares of the company’s stock, valued at approximately $400,000.

Several other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its stake 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 valued at $33,000 after purchasing an additional 1,674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after acquiring an additional 753 shares during the period. Bfsg LLC lifted its holdings 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 acquiring an additional 1,102 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of JBG SMITH Properties by 4.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock worth $282,000 after purchasing an additional 702 shares during the period. Finally, Inspire Investing LLC grew its holdings 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 purchasing an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Trading Down 2.0 %

NYSE JBGS opened at $16.75 on Tuesday. The stock has a market cap of $1.42 billion, a PE ratio of -12.88 and a beta of 1.10. JBG SMITH Properties has a 12 month low of $13.65 and a 12 month high of $18.86. The company’s 50-day moving average price is $17.18 and its 200-day moving average price is $16.47. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38.

JBG SMITH Properties (NYSE:JBGS) last issued its earnings results on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The business had revenue of $136.03 million for 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.70 annualized dividend and a dividend yield of 4.18%. JBG SMITH Properties’s payout ratio is currently -53.85%.

Wall Street Analysts Forecast Growth

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

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.