Wells Fargo & Company MN Has $7.71 Million Holdings in JBG SMITH Properties (NYSE:JBGS)

Wells Fargo & Company MN increased its position in JBG SMITH Properties (NYSE:JBGS) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 501,377 shares of the company’s stock after acquiring an additional 9,134 shares during the period. Wells Fargo & Company MN’s holdings in JBG SMITH Properties were worth $7,706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC lifted its position in JBG SMITH Properties by 7.8% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,299,260 shares of the company’s stock worth $35,340,000 after buying an additional 167,191 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of JBG SMITH Properties by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,220,008 shares of the company’s stock worth $34,122,000 after acquiring an additional 45,514 shares in the last quarter. JPMorgan Chase & Co. boosted its position in JBG SMITH Properties by 12.6% during the fourth quarter. JPMorgan Chase & Co. now owns 741,071 shares of the company’s stock valued at $11,390,000 after purchasing an additional 82,779 shares during the last quarter. Principal Financial Group Inc. boosted its position in JBG SMITH Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 409,520 shares of the company’s stock valued at $6,294,000 after purchasing an additional 1,892 shares during the last quarter. Finally, Norges Bank purchased a new position in JBG SMITH Properties in the fourth quarter valued at about $3,837,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Trading Down 2.3 %

Shares of NYSE JBGS opened at $14.90 on Friday. The business has a 50 day simple moving average of $15.23 and a 200 day simple moving average of $15.89. JBG SMITH Properties has a 52 week low of $13.65 and a 52 week high of $18.86. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -8.92 and a beta of 1.08. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73.

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

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.