State of Alaska Department of Revenue Has $1.37 Million Holdings in JBG SMITH Properties $JBGS

State of Alaska Department of Revenue lowered its position in shares of JBG SMITH Properties (NYSE:JBGS) by 7.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,190 shares of the company’s stock after selling 6,760 shares during the quarter. State of Alaska Department of Revenue owned 0.11% of JBG SMITH Properties worth $1,368,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Citigroup Inc. raised its holdings in shares of JBG SMITH Properties by 1.0% during the first quarter. Citigroup Inc. now owns 3,166,389 shares of the company’s stock valued at $51,011,000 after acquiring an additional 29,805 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of JBG SMITH Properties by 3.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company’s stock worth $37,033,000 after purchasing an additional 78,737 shares during the period. Private Management Group Inc. boosted its holdings in shares of JBG SMITH Properties by 0.7% during the first quarter. Private Management Group Inc. now owns 1,732,208 shares of the company’s stock worth $27,906,000 after purchasing an additional 11,669 shares during the period. Northern Trust Corp boosted its holdings in shares of JBG SMITH Properties by 1.9% during the first quarter. Northern Trust Corp now owns 1,662,628 shares of the company’s stock worth $26,785,000 after purchasing an additional 30,998 shares during the period. Finally, Invesco Ltd. boosted 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 worth $12,301,000 after purchasing an additional 72,318 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Insider Activity at JBG SMITH Properties

In related news, CAO Angela Valdes sold 10,098 shares of the business’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total transaction of $217,409.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CIO George Laucks Xanders sold 5,600 shares of the business’s stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the transaction, the executive directly owned 2,750 shares in the company, valued at $59,317.50. This trade represents a 67.07% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,457 shares of company stock worth $661,800. 4.40% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of JBG SMITH Properties in a report on Saturday, September 27th. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Evercore ISI restated an “underperform” rating on shares of JBG SMITH Properties in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Strong Sell” and a consensus price target of $17.00.

JBG SMITH Properties Trading Down 1.2%

NYSE:JBGS opened at $21.55 on Friday. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $24.30. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -11.40 and a beta of 1.35. 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 company’s 50 day moving average is $21.54 and its 200-day moving average is $18.30.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating 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 analyst estimates of $116.76 million.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.2%. JBG SMITH Properties’s payout ratio is -37.04%.

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.