SteelPeak Wealth LLC Acquires 76,575 Shares of JBG SMITH Properties $JBGS

SteelPeak Wealth LLC acquired a new stake in JBG SMITH Properties (NYSE:JBGS) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 76,575 shares of the company’s stock, valued at approximately $769,000. SteelPeak Wealth LLC owned 0.13% of JBG SMITH Properties at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of JBG SMITH Properties by 62.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,726 shares of the company’s stock worth $47,000 after buying an additional 1,821 shares during the last quarter. State of Wyoming purchased a new stake in JBG SMITH Properties during the second quarter worth about $72,000. IFM Investors Pty Ltd purchased a new stake in JBG SMITH Properties during the first quarter worth about $141,000. GAMMA Investing LLC increased its holdings in JBG SMITH Properties by 323.7% during the third quarter. GAMMA Investing LLC now owns 15,780 shares of the company’s stock worth $158,000 after buying an additional 12,056 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in JBG SMITH Properties in the first quarter worth about $180,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties Trading Down 3.1%

Shares of JBG SMITH Properties stock opened at $10.80 on Tuesday. JBG SMITH Properties has a 52-week low of $9.93 and a 52-week high of $21.86. The stock’s 50-day simple moving average is $11.34 and its 200 day simple moving average is $13.45. The stock has a market capitalization of $632.66 million, a P/E ratio of -4.14 and a beta of 1.11. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.89 and a current ratio of 4.89.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were paid a $0.1750 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.70 annualized dividend and a dividend yield of 6.5%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -26.82%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Friday, September 4th. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research report on Tuesday, August 4th. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday. BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Evercore reaffirmed an “underperform” rating and issued a $12.00 price target on shares of JBG SMITH Properties in a report on Monday, September 21st. Three investment analysts have rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Sell” and an average price target of $12.50.

About JBG SMITH Properties

JBG SMITH Properties (NYSE: JBGS) is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes office buildings, multifamily residential communities, retail space and development projects.

The company focuses on urban, transit-oriented neighborhoods in Washington, DC, Northern Virginia and suburban Maryland, with significant activities in National Landing in Arlington, Virginia, and Bethesda, Maryland.