SG Americas Securities LLC Purchases 377,895 Shares of JBG SMITH Properties $JBGS

SG Americas Securities LLC increased its position in shares of JBG SMITH Properties (NYSE:JBGS) by 7,444.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 382,971 shares of the company’s stock after buying an additional 377,895 shares during the period. SG Americas Securities LLC owned 0.65% of JBG SMITH Properties worth $6,514,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JBGS. Caitong International Asset Management Co. Ltd raised its holdings in JBG SMITH Properties by 151.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after acquiring an additional 987 shares during the period. Caxton Associates LLP bought a new stake in JBG SMITH Properties during the third quarter valued at about $1,042,000. Millennium Management LLC grew its position in shares of JBG SMITH Properties by 263.3% in the third quarter. Millennium Management LLC now owns 535,496 shares of the company’s stock valued at $11,915,000 after purchasing an additional 388,113 shares during the last quarter. Jain Global LLC grew its position in shares of JBG SMITH Properties by 191.0% in the third quarter. Jain Global LLC now owns 30,050 shares of the company’s stock valued at $669,000 after purchasing an additional 19,722 shares during the last quarter. Finally, Centiva Capital LP bought a new position in shares of JBG SMITH Properties in the third quarter worth about $411,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on JBGS shares. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus price target of $18.50.

JBG SMITH Properties Stock Down 0.7%

Shares of JBGS opened at $14.60 on Wednesday. The company has a 50-day simple moving average of $15.66 and a 200-day simple moving average of $17.93. The firm has a market capitalization of $861.78 million, a P/E ratio of -6.92 and a beta of 1.15. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.63 and a current ratio of 3.63. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, February 17th. The company reported ($0.78) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.31). JBG SMITH Properties had a negative return on equity of 10.61% and a negative net margin of 27.89%.The firm had revenue of $127.56 million for the quarter, compared to analyst estimates of $122.44 million.

About JBG SMITH Properties

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.