Is JBG SMITH Properties (JBGS) a Smart Long-Term Buy?

Aristotle Capital Management, an independent/employee-owned investment management organization, published its “Aristotle Small Cap Equity Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, the Aristotle Small Cap Equity Composite generated a total return of -5.77% gross of fees (-5.92% net of fees), outperforming the -7.53% total return of the Russell 2000 Index. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Aristotle Capital Management Small Cap Equity mentioned JBG SMITH Properties (NYSE:JBGS) and explained its insights for the company. Founded in 1957, JBG SMITH Properties (NYSE:JBGS) is a Chevy Chase, Maryland-based real estate investment trust company with a $3.1 billion market capitalization. JBG SMITH Properties (NYSE:JBGS) delivered a -11.08% return since the beginning of the year, while its 12-month returns are down by -19.46%. The stock closed at $25.53 per share on May 26, 2022.

Here is what Aristotle Capital Management Small Cap Equity has to say about JBG SMITH Properties (NYSE:JBGS) in its Q1 2022 investor letter:

“JBG SMITH Properties (NYSE:JBGS), a Washington DC-based owner, operator and developer of residential, office, retail and mixed-use real estate properties, was added to the portfolio. We initiated a position, as we believe the firm’s healthy multi-year development pipeline anchored by Amazon’s new headquarters (Amazon HQ2) should benefit from improved economic activity in the area as businesses increasingly return to the office.”

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Our calculations show that JBG SMITH Properties (NYSE:JBGS) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. JBG SMITH Properties (NYSE:JBGS) was in 17 hedge fund portfolios at the end of the first quarter of 2022, compared to 20 funds in the previous quarter. JBG SMITH Properties (NYSE:JBGS) delivered a -3.30% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on JBG SMITH Properties (NYSE:JBGS) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.