Marnell Management LLC Takes Position in JBG SMITH Properties $JBGS

Marnell Management LLC purchased a new stake in JBG SMITH Properties (NYSE:JBGS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 385,463 shares of the company’s stock, valued at approximately $6,557,000. JBG SMITH Properties comprises 3.2% of Marnell Management LLC’s investment portfolio, making the stock its 2nd biggest position. Marnell Management LLC owned approximately 0.65% of JBG SMITH Properties at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its position in shares of JBG SMITH Properties by 78.4% in the third quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock valued at $32,000 after purchasing an additional 650 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of JBG SMITH Properties by 151.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock valued at $36,000 after purchasing an additional 987 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of JBG SMITH Properties in the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its position in shares of JBG SMITH Properties by 113.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after purchasing an additional 1,741 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of JBG SMITH Properties by 26.5% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 4,953 shares of the company’s stock valued at $84,000 after purchasing an additional 1,039 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Performance

Shares of JBGS opened at $14.67 on Monday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 4.53 and a current ratio of 4.53. The company has a market capitalization of $854.67 million, a price-to-earnings ratio of -7.84 and a beta of 1.08. The company’s 50 day simple moving average is $14.88 and its 200 day simple moving average is $15.89. JBG SMITH Properties has a 1 year low of $13.99 and a 1 year high of $24.30.

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

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.70 annualized dividend and a dividend yield of 4.8%. JBG SMITH Properties’s dividend payout ratio is presently -37.43%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell” and an average target price of $18.50.

Insiders Place Their Bets

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction of $300,350.10. Following the transaction, the insider owned 12,032 shares of the company’s stock, valued at $180,600.32. This trade represents a 62.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

JBG SMITH Properties 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.