JBG SMITH Properties $JBGS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its position in JBG SMITH Properties (NYSE:JBGS) by 89.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,475 shares of the company’s stock after selling 341,496 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of JBG SMITH Properties worth $606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings in JBG SMITH Properties by 151.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after buying an additional 987 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of JBG SMITH Properties by 51.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock valued at $38,000 after acquiring an additional 765 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of JBG SMITH Properties during the 4th quarter valued at approximately $39,000. EverSource Wealth Advisors LLC raised its position in shares of JBG SMITH Properties by 113.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after acquiring an additional 1,741 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in JBG SMITH Properties by 20.6% during the fourth quarter. Royal Bank of Canada now owns 4,908 shares of the company’s stock worth $84,000 after purchasing an additional 837 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JBGS. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties currently has a consensus rating of “Sell” and an average price target of $18.50.

JBG SMITH Properties Trading Down 2.4%

Shares of NYSE JBGS opened at $14.95 on Wednesday. JBG SMITH Properties has a 12-month low of $13.71 and a 12-month high of $24.30. The company has a market cap of $870.70 million, a price-to-earnings ratio of -7.99 and a beta of 1.07. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22. The stock’s 50 day simple moving average is $14.76 and its 200 day simple moving average is $15.51.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. The company had revenue of $127.60 million for the quarter. JBG SMITH Properties had a negative return on equity of 9.32% and a negative net margin of 22.16%.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Thursday, May 14th. JBG SMITH Properties’s payout ratio is presently -37.43%.

Insider Transactions at JBG SMITH Properties

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $15.01, for a total value of $300,350.10. Following the completion of the transaction, the insider owned 12,032 shares in the company, valued at approximately $180,600.32. This represents a 62.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is owned by insiders.

About JBG SMITH Properties

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.