JPMorgan Chase & Co. Raises Stake in JBG SMITH Properties (NYSE:JBGS)

JPMorgan Chase & Co. lifted its stake in JBG SMITH Properties (NYSE:JBGS) by 12.6% in the 4th quarter, Holdings Channel reports. The firm owned 741,071 shares of the company’s stock after purchasing an additional 82,779 shares during the quarter. JPMorgan Chase & Co.’s holdings in JBG SMITH Properties were worth $11,390,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in 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 in the last quarter. Verition Fund Management LLC purchased a new stake in shares of JBG SMITH Properties in the 3rd quarter worth about $268,000. Wolverine Trading LLC purchased a new stake in shares of JBG SMITH Properties in the 3rd quarter worth about $239,000. Jane Street Group LLC grew its stake in JBG SMITH Properties by 33.4% in the 3rd quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock valued at $6,275,000 after acquiring an additional 89,812 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in JBG SMITH Properties by 3.1% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,200 shares of the company’s stock valued at $1,944,000 after acquiring an additional 3,300 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Up 2.4 %

Shares of NYSE JBGS opened at $15.44 on Monday. The firm’s 50-day moving average is $15.22 and its two-hundred day moving average is $15.95. The company has a market capitalization of $1.27 billion, a PE ratio of -9.24 and a beta of 1.08. JBG SMITH Properties has a 12-month low of $13.65 and a 12-month high of $18.86. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.73 and a quick ratio of 3.87.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, February 18th. The company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.52. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%. The firm had revenue of $108.43 million for the quarter, compared to analysts’ expectations of $116.31 million.

JBG SMITH Properties Company 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.