JBG SMITH Properties $JBGS Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in JBG SMITH Properties (NYSE:JBGS) by 16,414.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 499,722 shares of the company’s stock after buying an additional 496,696 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.85% of JBG SMITH Properties worth $7,331,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in shares of JBG SMITH Properties by 151.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock valued at $36,000 after acquiring an additional 987 shares during the period. Smartleaf Asset Management LLC raised its holdings in JBG SMITH Properties by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock worth $38,000 after purchasing an additional 765 shares during the period. Los Angeles Capital Management LLC acquired a new position in JBG SMITH Properties in the 4th quarter worth about $39,000. EverSource Wealth Advisors LLC boosted its position in JBG SMITH Properties by 113.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock worth $57,000 after purchasing an additional 1,741 shares in the last quarter. Finally, State of Wyoming purchased a new position in JBG SMITH Properties during the second quarter worth approximately $72,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on JBGS. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Sunday. Capital One Financial set a $13.00 price objective on JBG SMITH Properties in a research report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Friday. Finally, BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, JBG SMITH Properties has an average rating of “Strong Sell” and an average target price of $16.67.

JBG SMITH Properties Stock Up 0.2%

NYSE:JBGS opened at $11.72 on Tuesday. JBG SMITH Properties has a 52 week low of $10.77 and a 52 week high of $24.30. The stock’s fifty day moving average is $13.32 and its two-hundred day moving average is $14.33. The stock has a market capitalization of $686.56 million, a price-to-earnings ratio of -4.49 and a beta of 1.07. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.70 annualized dividend and a yield of 6.0%. JBG SMITH Properties’s dividend payout ratio is presently -26.82%.

JBG SMITH Properties Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.