51,209 Shares in JBG SMITH Properties $JBGS Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of JBG SMITH Properties (NYSE:JBGS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,209 shares of the company’s stock, valued at approximately $751,000. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.09% of JBG SMITH Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Yorkville Advisors Global LP bought a new stake in JBG SMITH Properties during the 1st quarter worth $2,103,000. Bessemer Group Inc. raised its position in JBG SMITH Properties by 34.7% in the first quarter. Bessemer Group Inc. now owns 397,711 shares of the company’s stock valued at $5,811,000 after purchasing an additional 102,557 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in JBG SMITH Properties in the fourth quarter valued at about $1,364,000. Marnell Management LLC acquired a new stake in shares of JBG SMITH Properties during the fourth quarter valued at about $6,557,000. Finally, Intech Investment Management LLC boosted its stake in shares of JBG SMITH Properties by 357.2% during the fourth quarter. Intech Investment Management LLC now owns 134,649 shares of the company’s stock valued at $2,290,000 after purchasing an additional 105,201 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JBG SMITH Properties

In other JBG SMITH Properties news, insider Steven A. Museles sold 20,010 shares of the firm’s stock in a transaction on 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 sale, the insider directly owned 12,032 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JBGS has been the topic of several research reports. Capital One Financial set a $13.00 price target on JBG SMITH Properties in a report on Tuesday, August 4th. 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. BMO Capital Markets reissued an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Monday, June 8th. Three analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and an average price target of $16.67.

JBG SMITH Properties Stock Up 1.1%

Shares of JBGS opened at $12.50 on Friday. The company has a market capitalization of $732.25 million, a PE ratio of -4.79 and a beta of 1.07. JBG SMITH Properties has a 12 month low of $10.77 and a 12 month high of $24.30. The stock’s 50-day moving average price is $13.83 and its two-hundred day moving average price is $14.67. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 2.35.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings data on Monday, August 10th. The company reported ($1.03) earnings per share (EPS) for the quarter. The company had revenue of $129.38 million for the quarter. JBG SMITH Properties had a negative return on equity of 13.31% and a negative net margin of 29.89%.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Thursday, August 13th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.70 annualized dividend and a yield of 5.6%. JBG SMITH Properties’s dividend payout ratio is currently -26.82%.

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.