Pacer Advisors Inc. Makes New $1.87 Million Investment in JBG SMITH Properties (NYSE:JBGS)

Pacer Advisors Inc. bought a new stake in JBG SMITH Properties (NYSE:JBGS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 47,474 shares of the company’s stock, valued at approximately $1,868,000.

Several other large investors have also recently modified their holdings of JBGS. 6 Meridian increased its stake in shares of JBG SMITH Properties by 2.0% in the second quarter. 6 Meridian now owns 12,974 shares of the company’s stock worth $510,000 after purchasing an additional 256 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of JBG SMITH Properties by 4.0% in the first quarter. Bank of Montreal Can now owns 7,010 shares of the company’s stock worth $289,000 after purchasing an additional 269 shares during the last quarter. Bbva Compass Bancshares Inc. increased its holdings in shares of JBG SMITH Properties by 4.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 7,047 shares of the company’s stock worth $291,000 after purchasing an additional 301 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of JBG SMITH Properties by 1.8% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,438 shares of the company’s stock worth $804,000 after buying an additional 342 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of JBG SMITH Properties by 1.0% in the first quarter. Metropolitan Life Insurance Co NY now owns 37,206 shares of the company’s stock worth $1,538,000 after buying an additional 380 shares in the last quarter. Institutional investors own 86.15% of the company’s stock.

JBG SMITH Properties stock traded down $0.04 during mid-day trading on Wednesday, reaching $38.96. 9,010 shares of the company’s stock traded hands, compared to its average volume of 482,810. JBG SMITH Properties has a 12-month low of $33.30 and a 12-month high of $43.21. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average of $38.59 and a two-hundred day moving average of $40.28. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 6.33 and a beta of 0.68.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, August 26th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Monday, August 12th. JBG SMITH Properties’s dividend payout ratio is 52.02%.

A number of equities analysts recently commented on the company. Zacks Investment Research raised 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. ValuEngine downgraded JBG SMITH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. Finally, Bank of America began coverage on JBG SMITH Properties in a report on Thursday, August 15th. They set a “neutral” rating and a $42.00 price objective on the stock.

JBG SMITH Properties Company Profile

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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