Victory Capital Management Inc. Raises Stake in JBG SMITH Properties (NYSE:JBGS)

Victory Capital Management Inc. raised its position in JBG SMITH Properties (NYSE:JBGS - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,472 shares of the company's stock after buying an additional 19,301 shares during the period. Victory Capital Management Inc. owned 0.11% of JBG SMITH Properties worth $1,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. KBC Group NV grew its stake in shares of JBG SMITH Properties by 64.9% during the 4th quarter. KBC Group NV now owns 5,677 shares of the company's stock worth $87,000 after acquiring an additional 2,234 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of JBG SMITH Properties during the 3rd quarter worth approximately $239,000. Verition Fund Management LLC acquired a new stake in JBG SMITH Properties in the third quarter valued at about $268,000. Empowered Funds LLC acquired a new stake in JBG SMITH Properties in the fourth quarter valued at approximately $239,000. Finally, FMR LLC grew its holdings in shares of JBG SMITH Properties by 158.5% during the third quarter. FMR LLC now owns 16,404 shares of the company's stock worth $287,000 after purchasing an additional 10,057 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets cut JBG SMITH Properties from a "market perform" rating to an "underperform" rating and cut their target price for the stock from $18.00 to $15.00 in a report on Tuesday, December 3rd.

Remove Ads

JBG SMITH Properties Price Performance

JBG SMITH Properties stock traded down $0.37 during midday trading on Friday, reaching $15.46. 2,026,975 shares of the stock were exchanged, compared to its average volume of 763,537. JBG SMITH Properties has a 52 week low of $13.65 and a 52 week high of $18.86. The company's fifty day moving average is $15.14 and its 200-day moving average is $16.23. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73. The firm has a market cap of $1.27 billion, a PE ratio of -9.26 and a beta of 1.12.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.38) by $0.52. The company had revenue of $108.43 million for 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 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.