JBG SMITH Properties (NYSE:JBGS) Stock Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 2.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,525 shares of the company’s stock after acquiring an additional 11,005 shares during the quarter. Principal Financial Group Inc.’s holdings in JBG SMITH Properties were worth $6,775,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Sterling Capital Management LLC grew its position in JBG SMITH Properties by 814.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company’s stock valued at $40,000 after purchasing an additional 2,289 shares in the last quarter. Farther Finance Advisors LLC boosted its position in JBG SMITH Properties by 1,052.9% during the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $42,000 after purchasing an additional 2,390 shares during the last quarter. Versant Capital Management Inc boosted its position in JBG SMITH Properties by 113.7% during the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company’s stock valued at $54,000 after purchasing an additional 1,795 shares during the last quarter. State of Wyoming acquired a new stake in JBG SMITH Properties during the fourth quarter valued at $98,000. Finally, Yoffe Investment Management LLC acquired a new stake in JBG SMITH Properties during the fourth quarter valued at $169,000. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS opened at $18.20 on Wednesday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -9.73 and a beta of 1.24. The business has a 50-day moving average of $17.27 and a 200-day moving average of $15.88. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.40 and a quick ratio of 3.40. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.51. JBG SMITH Properties had a negative return on equity of 8.59% and a negative net margin of 30.02%. The business had revenue of $120.69 million during the quarter, compared to analysts’ expectations of $124.35 million.

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, May 8th. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -37.43%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI lifted their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, May 19th.

About JBG SMITH Properties

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.