GSI Capital Advisors LLC Invests $3.04 Million in JBG SMITH Properties (NYSE:JBGS)

GSI Capital Advisors LLC bought a new position in shares of JBG SMITH Properties (NYSE:JBGS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 197,557 shares of the company’s stock, valued at approximately $3,036,000. JBG SMITH Properties accounts for approximately 1.6% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 26th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new stake in JBG SMITH Properties in the 3rd quarter worth about $400,000. Charles Schwab Investment Management Inc. increased its holdings in shares of JBG SMITH Properties by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after purchasing an additional 105,384 shares during the period. FMR LLC raised its position in shares of JBG SMITH Properties by 158.5% in the third quarter. FMR LLC now owns 16,404 shares of the company’s stock valued at $287,000 after buying an additional 10,057 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of JBG SMITH Properties by 430.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock valued at $10,712,000 after buying an additional 497,288 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in JBG SMITH Properties during the third quarter worth approximately $268,000. 98.46% of the stock is owned by institutional investors and hedge funds.

JBG SMITH Properties Trading Down 1.0 %

Shares of JBG SMITH Properties stock opened at $15.96 on Wednesday. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42. JBG SMITH Properties has a 12-month low of $13.65 and a 12-month high of $18.86. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -9.55 and a beta of 1.12. The firm’s 50-day moving average price is $15.23 and its two-hundred day moving average price is $16.14.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.52. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The business had revenue of $108.43 million for the quarter, compared to analyst estimates of $116.31 million.

Wall Street Analyst Weigh In

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

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.