The Manufacturers Life Insurance Company Sells 2,037 Shares of JBG SMITH Properties (NYSE:JBGS)

The Manufacturers Life Insurance Company decreased its holdings in JBG SMITH Properties (NYSE:JBGS) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,548 shares of the company’s stock after selling 2,037 shares during the period. The Manufacturers Life Insurance Company’s holdings in JBG SMITH Properties were worth $726,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of JBG SMITH Properties by 706.3% in the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after acquiring an additional 1,674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock worth $57,000 after purchasing an additional 753 shares during the last quarter. Bfsg LLC lifted its stake in JBG SMITH Properties by 9.5% in the second quarter. Bfsg LLC now owns 12,655 shares of the company’s stock worth $193,000 after purchasing an additional 1,102 shares during the last quarter. Van ECK Associates Corp lifted its stake in JBG SMITH Properties by 4.7% in the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock worth $282,000 after purchasing an additional 702 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake in JBG SMITH Properties by 4.2% in the second quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock worth $354,000 after purchasing an additional 937 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Performance

Shares of JBGS stock opened at $16.31 on Friday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -12.50 and a beta of 1.10. The company’s 50 day moving average is $16.96 and its 200 day moving average is $16.55. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38. JBG SMITH Properties has a 52-week low of $13.65 and a 52-week high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.03. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%. The business had revenue of $136.03 million for the quarter.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio is currently -53.85%.

Analyst Ratings Changes

A number of equities analysts have recently commented on JBGS shares. BMO Capital Markets lowered shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $18.00 to $15.00 in a research report on Tuesday, December 3rd. Evercore ISI raised their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th.

About JBG SMITH Properties

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.