Invesco Ltd. Acquires 335,661 Shares of JBG SMITH Properties (NYSE:JBGS)

Invesco Ltd. lifted its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 94.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 691,230 shares of the company's stock after purchasing an additional 335,661 shares during the period. Invesco Ltd. owned 0.82% of JBG SMITH Properties worth $10,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. bought a new stake in JBG SMITH Properties during the 3rd quarter valued at about $500,000. Harbor Capital Advisors Inc. raised its holdings in JBG SMITH Properties by 26.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 63,328 shares of the company's stock worth $973,000 after purchasing an additional 13,100 shares during the period. Inspire Investing LLC lifted its position in JBG SMITH Properties by 12.0% during the fourth quarter. Inspire Investing LLC now owns 26,223 shares of the company's stock valued at $403,000 after purchasing an additional 2,818 shares in the last quarter. KBC Group NV increased its position in JBG SMITH Properties by 64.9% in the fourth quarter. KBC Group NV now owns 5,677 shares of the company's stock worth $87,000 after buying an additional 2,234 shares in the last quarter. Finally, abrdn plc lifted its position in shares of JBG SMITH Properties by 30.6% during the 4th quarter. abrdn plc now owns 21,508 shares of the company's stock valued at $326,000 after buying an additional 5,041 shares in the last quarter. Institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Price Performance

NYSE:JBGS traded down $0.03 during trading hours on Friday, hitting $14.64. 490,837 shares of the stock traded hands, compared to its average volume of 817,448. The stock has a 50 day moving average price of $15.18 and a 200 day moving average price of $15.80. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42. The company has a market cap of $1.20 billion, a price-to-earnings ratio of -8.77 and a beta of 1.08. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its 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 firm had revenue of $108.43 million during the quarter, compared to analyst estimates of $116.31 million. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.70 dividend on an annualized basis and a yield of 4.78%. JBG SMITH Properties's dividend payout ratio (DPR) is presently -41.92%.

JBG SMITH Properties 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.