JBG SMITH Properties $JBGS Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in JBG SMITH Properties (NYSE:JBGS) by 28.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,049 shares of the company’s stock after purchasing an additional 4,257 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in JBG SMITH Properties were worth $330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of JBGS. Farther Finance Advisors LLC lifted its holdings in shares of JBG SMITH Properties by 1,052.9% in the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $42,000 after purchasing an additional 2,390 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of JBG SMITH Properties by 113.7% in the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company’s stock valued at $54,000 after purchasing an additional 1,795 shares in the last quarter. US Bancorp DE lifted its holdings in shares of JBG SMITH Properties by 123.6% in the first quarter. US Bancorp DE now owns 3,787 shares of the company’s stock valued at $61,000 after purchasing an additional 2,093 shares in the last quarter. MAI Capital Management lifted its holdings in shares of JBG SMITH Properties by 103.5% in the first quarter. MAI Capital Management now owns 4,184 shares of the company’s stock valued at $67,000 after purchasing an additional 2,128 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of JBG SMITH Properties in the fourth quarter valued at about $98,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on JBGS shares. Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Evercore ISI reissued an “underperform” rating on shares of JBG SMITH Properties in a research note on Monday, September 15th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, JBG SMITH Properties currently has a consensus rating of “Sell” and a consensus price target of $17.00.

Insider Buying and Selling at JBG SMITH Properties

In other news, CAO Angela Valdes sold 10,098 shares of JBG SMITH Properties stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $21.53, for a total value of $217,409.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $21.57, for a total transaction of $120,792.00. Following the completion of the transaction, the executive directly owned 2,750 shares of the company’s stock, valued at $59,317.50. This trade represents a 67.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,457 shares of company stock valued at $661,800. Corporate insiders own 4.40% of the company’s stock.

JBG SMITH Properties Price Performance

Shares of JBGS stock opened at $23.79 on Tuesday. The firm has a market cap of $1.47 billion, a P/E ratio of -12.59 and a beta of 1.33. 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 1-year low of $13.28 and a 1-year high of $24.30. The firm has a fifty day moving average of $20.90 and a two-hundred day moving average of $17.86.

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

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $0.70 annualized dividend and a dividend yield of 2.9%. JBG SMITH Properties’s payout ratio is -37.04%.

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.