IFM Investors Pty Ltd Has $264,000 Stock Position in JBG SMITH Properties $JBGS

IFM Investors Pty Ltd reduced its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 12.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,377 shares of the company’s stock after selling 2,400 shares during the quarter. IFM Investors Pty Ltd’s holdings in JBG SMITH Properties were worth $264,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of JBG SMITH Properties during the 1st quarter worth $189,000. Principal Financial Group Inc. grew its holdings in shares of JBG SMITH Properties by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 420,525 shares of the company’s stock worth $6,775,000 after purchasing an additional 11,005 shares in the last quarter. Invesco Ltd. grew its holdings in shares of JBG SMITH Properties by 10.5% during the 1st quarter. Invesco Ltd. now owns 763,548 shares of the company’s stock worth $12,301,000 after purchasing an additional 72,318 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of JBG SMITH Properties during the 1st quarter worth $170,000. Finally, Victory Capital Management Inc. grew its holdings in shares of JBG SMITH Properties by 167.7% during the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company’s stock worth $4,118,000 after purchasing an additional 160,132 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Performance

NYSE:JBGS opened at $23.49 on Friday. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $1.45 billion, a PE ratio of -12.43 and a beta of 1.33. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $23.67. The stock’s 50-day simple moving average is $20.19 and its 200 day simple moving average is $17.49.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.54) by $0.73. The firm had revenue of $126.48 million during the quarter, compared to the consensus estimate 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 announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were given a $0.175 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.70 annualized dividend and a yield of 3.0%. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -37.04%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Evercore ISI reduced their price objective on JBG SMITH Properties from $20.00 to $19.00 and set an “underperform” rating on the stock in a research note on Monday, September 8th. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, JBG SMITH Properties currently has a consensus rating of “Sell” and a consensus target price of $17.00.

Insider Buying and Selling at JBG SMITH Properties

In other JBG SMITH Properties news, 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 value of $217,409.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CIO George Laucks Xanders sold 5,600 shares of the 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 transaction, the executive owned 2,750 shares of the company’s stock, valued at $59,317.50. This represents a 67.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,993 shares of company stock worth $368,505. 4.40% of the stock is currently owned by insiders.

About JBG SMITH Properties

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.