JBG SMITH Properties $JBGS Holdings Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of JBG SMITH Properties (NYSE:JBGS) by 15.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 456,024 shares of the company’s stock after selling 81,119 shares during the period. Bank of New York Mellon Corp’s holdings in JBG SMITH Properties were worth $6,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JBGS. Daiwa Securities Group Inc. lifted its holdings in JBG SMITH Properties by 2.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 23,140 shares of the company’s stock valued at $394,000 after acquiring an additional 655 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of JBG SMITH Properties by 5.0% in the 4th quarter. Ballentine Partners LLC now owns 14,472 shares of the company’s stock worth $246,000 after purchasing an additional 683 shares during the last quarter. Smartleaf Asset Management LLC grew its stake 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 worth $38,000 after purchasing an additional 765 shares during the last quarter. State of Tennessee Department of Treasury raised its holdings in shares of JBG SMITH Properties by 2.1% in the 2nd quarter. State of Tennessee Department of Treasury now owns 38,993 shares of the company’s stock worth $675,000 after purchasing an additional 798 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of JBG SMITH Properties by 20.6% in the 4th quarter. Royal Bank of Canada now owns 4,908 shares of the company’s stock worth $84,000 after purchasing an additional 837 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Steven A. Museles sold 20,010 shares of the business’s 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 sale, the insider owned 12,032 shares in the company, valued at $180,600.32. The trade was a 62.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is owned by corporate insiders.

JBG SMITH Properties Trading Up 1.4%

Shares of JBGS opened at $14.24 on Tuesday. The business’s 50-day moving average price is $14.62 and its 200 day moving average price is $15.17. The stock has a market capitalization of $829.74 million, a P/E ratio of -7.62 and a beta of 1.07. JBG SMITH Properties has a 1-year low of $13.71 and a 1-year high of $24.30. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22.

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

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio (DPR) is -37.43%.

Analysts Set New Price Targets

JBGS has been the subject of a number of research reports. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Monday, June 8th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell” and an average price target of $18.50.

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.