MetLife Investment Management LLC Cuts Stake in JBG SMITH Properties $JBGS

MetLife Investment Management LLC cut its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 1.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,277 shares of the company’s stock after selling 939 shares during the quarter. MetLife Investment Management LLC owned about 0.07% of JBG SMITH Properties worth $842,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Teacher Retirement System of Texas bought a new position in shares of JBG SMITH Properties during the first quarter valued at $189,000. Principal Financial Group Inc. increased its holdings in shares of JBG SMITH Properties by 2.7% during the first quarter. Principal Financial Group Inc. now owns 420,525 shares of the company’s stock valued at $6,775,000 after acquiring an additional 11,005 shares in the last quarter. Invesco Ltd. increased its holdings in shares of JBG SMITH Properties by 10.5% during the first quarter. Invesco Ltd. now owns 763,548 shares of the company’s stock valued at $12,301,000 after acquiring an additional 72,318 shares in the last quarter. M&T Bank Corp bought a new position in shares of JBG SMITH Properties during the first quarter valued at $170,000. Finally, Victory Capital Management Inc. increased its holdings in shares of JBG SMITH Properties by 167.7% during the first quarter. Victory Capital Management Inc. now owns 255,604 shares of the company’s stock valued at $4,118,000 after acquiring an additional 160,132 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors.

Insider Activity

In other JBG SMITH Properties news, CIO George Laucks Xanders sold 5,600 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.57, for a total value of $120,792.00. Following the transaction, the executive directly owned 2,750 shares of the company’s stock, valued at approximately $59,317.50. This trade represents a 67.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Angela Valdes sold 10,098 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.53, for a total value of $217,409.94. The disclosure for this sale can be found here. Company insiders own 4.40% of the company’s stock.

JBG SMITH Properties Trading Up 3.2%

JBG SMITH Properties stock opened at $22.67 on Friday. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.54. JBG SMITH Properties has a one year low of $13.28 and a one year high of $22.76. The stock has a market capitalization of $1.40 billion, a PE ratio of -12.00 and a beta of 1.33. The business’s fifty day moving average is $19.57 and its 200 day moving average is $17.21.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.54) by $0.73. The company had revenue of $126.48 million for 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 7th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -37.04%.

Analyst Upgrades and Downgrades

JBGS has been the subject of several analyst reports. Evercore ISI raised their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, May 19th. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, JBG SMITH Properties currently has an average rating of “Sell” and a consensus target price of $16.00.

JBG SMITH Properties 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.