JBG SMITH Properties $JBGS Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,074 shares of the company’s stock after selling 2,922 shares during the quarter. Amalgamated Bank’s holdings in JBG SMITH Properties were worth $365,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of JBG SMITH Properties by 554.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock valued at $10,847,000 after acquiring an additional 570,428 shares during the period. Nuveen LLC acquired a new stake in shares of JBG SMITH Properties in the 1st quarter worth about $4,364,000. Victory Capital Management Inc. increased its holdings in shares of JBG SMITH Properties by 167.7% in the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company’s stock worth $4,118,000 after acquiring an additional 160,132 shares during the period. Allianz Asset Management GmbH lifted its position in JBG SMITH Properties by 50.4% in the 1st quarter. Allianz Asset Management GmbH now owns 404,137 shares of the company’s stock valued at $6,511,000 after purchasing an additional 135,440 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in JBG SMITH Properties by 3.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company’s stock valued at $37,033,000 after purchasing an additional 78,737 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

JBG SMITH Properties Price Performance

Shares of JBG SMITH Properties stock opened at $18.71 on Friday. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $24.30. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 2.06. The stock has a market cap of $1.11 billion, a PE ratio of -9.12 and a beta of 1.31. The company’s 50-day moving average price is $21.52 and its two-hundred day moving average price is $19.19.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.49) by $0.64. JBG SMITH Properties had a negative net margin of 30.57% and a negative return on equity of 10.41%. The company had revenue of $123.87 million for the quarter, compared to analysts’ expectations of $120.57 million.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be given a $0.175 dividend. The ex-dividend date is Thursday, November 6th. This represents a $0.70 annualized dividend and a yield of 3.7%. JBG SMITH Properties’s payout ratio is -34.15%.

Insider Buying and Selling at JBG SMITH Properties

In other news, insider Steven A. Museles sold 16,253 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $19.58, for a total transaction of $318,233.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 is available in the SEC filing. Over the last 90 days, insiders have sold 45,015 shares of company stock valued at $933,040. Corporate insiders own 4.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Weiss Ratings restated a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Wednesday, October 8th. Wall Street Zen lowered JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. New Street Research set a $19.00 target price on JBG SMITH Properties in a research report on Thursday, October 9th. Finally, Evercore ISI reduced their price target on JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating for the company in a research report on Thursday, October 9th. Three analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus price target of $17.67.

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.