Zurcher Kantonalbank Zurich Cantonalbank Lowers Holdings in JBG SMITH Properties (NYSE:JBGS)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its holdings in JBG SMITH Properties (NYSE:JBGS) by 8.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,735 shares of the company’s stock after selling 3,951 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of JBG SMITH Properties worth $737,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of JBG SMITH Properties by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company’s stock worth $713,000 after purchasing an additional 662 shares during the last quarter. State of Tennessee Department of Treasury grew its holdings in JBG SMITH Properties by 2.0% during the 4th quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company’s stock valued at $653,000 after buying an additional 818 shares in the last quarter. Bank of Montreal Can grew its holdings in JBG SMITH Properties by 8.5% during the 4th quarter. Bank of Montreal Can now owns 11,928 shares of the company’s stock valued at $183,000 after buying an additional 939 shares in the last quarter. Versant Capital Management Inc increased its stake in JBG SMITH Properties by 113.7% in the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company’s stock worth $54,000 after acquiring an additional 1,795 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of JBG SMITH Properties by 3.1% during the 4th quarter. Quantinno Capital Management LP now owns 73,010 shares of the company’s stock worth $1,122,000 after acquiring an additional 2,187 shares in the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CIO George Laucks Xanders sold 5,600 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $21.57, for a total value of $120,792.00. Following the completion of the sale, the executive owned 2,750 shares in the company, valued at approximately $59,317.50. This trade represents a 67.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Angela Valdes sold 10,098 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.53, for a total transaction of $217,409.94. The disclosure for this sale can be found here. Insiders own 4.40% of the company’s stock.

JBG SMITH Properties Trading Down 0.7%

JBGS opened at $20.42 on Wednesday. The stock has a 50-day moving average of $18.21 and a 200 day moving average of $16.33. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 1.88. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $22.45. The firm has a market cap of $1.26 billion, a P/E ratio of -10.80 and a beta of 1.28.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.54) by $0.73. The firm had revenue of $126.48 million during the quarter, compared to analysts’ expectations of $116.76 million. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.4%. JBG SMITH Properties’s payout ratio is -37.04%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday. Evercore ISI increased their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a research report on Monday, May 19th.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.