Citigroup Inc. Sells 46,569 Shares of JBG SMITH Properties $JBGS

Citigroup Inc. reduced its position in shares of JBG SMITH Properties (NYSE:JBGS) by 1.6% in the 3rd quarter, Holdings Channel reports. The firm owned 2,878,444 shares of the company’s stock after selling 46,569 shares during the period. Citigroup Inc.’s holdings in JBG SMITH Properties were worth $64,045,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of JBGS. Long Pond Capital LP raised its holdings in shares of JBG SMITH Properties by 6.4% during the 2nd quarter. Long Pond Capital LP now owns 3,834,033 shares of the company’s stock worth $66,329,000 after buying an additional 230,150 shares in the last quarter. WINTON GROUP Ltd bought a new position in JBG SMITH Properties in the second quarter valued at about $3,183,000. Allianz Asset Management GmbH raised its stake in JBG SMITH Properties by 51.4% during the third quarter. Allianz Asset Management GmbH now owns 804,190 shares of the company’s stock worth $17,893,000 after acquiring an additional 273,118 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of JBG SMITH Properties in the third quarter worth about $940,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of JBG SMITH Properties in the 3rd quarter valued at approximately $3,324,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JBGS. Evercore lowered their price objective on shares of JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Finally, Wall Street Zen cut JBG SMITH Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and an average target price of $18.50.

JBG SMITH Properties Trading Up 0.8%

JBGS opened at $15.81 on Tuesday. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $24.30. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.63 and a quick ratio of 3.63. The firm has a market capitalization of $932.00 million, a price-to-earnings ratio of -7.49 and a beta of 1.15. The company’s 50 day moving average price is $16.79 and its two-hundred day moving average price is $19.07.

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

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 13th. Investors of record on Tuesday, December 30th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, December 30th. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -33.18%.

JBG SMITH Properties Company Profile

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.