IFM Investors Pty Ltd Lowers Stock Position in JBG SMITH Properties $JBGS

IFM Investors Pty Ltd lowered its position in JBG SMITH Properties (NYSE:JBGS) by 27.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,844 shares of the company’s stock after selling 4,533 shares during the quarter. IFM Investors Pty Ltd’s holdings in JBG SMITH Properties were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in JBG SMITH Properties in the 1st quarter worth $189,000. Principal Financial Group Inc. raised its position in JBG SMITH Properties by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 420,525 shares of the company’s stock worth $6,775,000 after buying an additional 11,005 shares during the last quarter. Invesco Ltd. lifted 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 valued at $12,301,000 after buying an additional 72,318 shares during the period. Deutsche Bank AG lifted its holdings in shares of JBG SMITH Properties by 51.0% during the 1st quarter. Deutsche Bank AG now owns 190,164 shares of the company’s stock valued at $3,064,000 after buying an additional 64,262 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of JBG SMITH Properties during the 1st quarter valued at about $170,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties Stock Down 1.7%

JBGS stock opened at $23.32 on Wednesday. The firm has a market cap of $1.44 billion, a PE ratio of -12.34 and a beta of 1.33. JBG SMITH Properties has a one year low of $13.28 and a one year high of $24.30. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. The firm’s fifty day moving average is $21.01 and its 200 day moving average is $17.90.

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

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a $0.175 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.0%. JBG SMITH Properties’s dividend payout ratio is currently -37.04%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on JBGS shares. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. Evercore ISI reiterated an “underperform” rating on shares of JBG SMITH Properties in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties presently has a consensus rating of “Sell” and a consensus price target of $17.00.

Insiders Place Their Bets

In related news, insider Evan Regan-Levine sold 5,714 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $23.62, for a total transaction of $134,964.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CIO George Laucks Xanders sold 4,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $23.44, for a total value of $93,760.00. The disclosure for this sale can be found here. Insiders have sold 29,457 shares of company stock worth $661,800 over the last ninety days. Company insiders own 4.40% of the company’s stock.

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.