Bank of New York Mellon Corp Acquires 14,815 Shares of JBG SMITH Properties $JBGS

Bank of New York Mellon Corp grew its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 2.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 720,423 shares of the company’s stock after purchasing an additional 14,815 shares during the period. Bank of New York Mellon Corp owned about 1.17% of JBG SMITH Properties worth $12,463,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in JBGS. Invesco Ltd. grew its position in 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 buying an additional 72,318 shares in the last quarter. Deutsche Bank AG lifted its position 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 acquiring an additional 64,262 shares during the period. 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. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of JBG SMITH Properties by 28.8% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,049 shares of the company’s stock worth $330,000 after purchasing an additional 4,257 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of JBG SMITH Properties by 3.5% in 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. 98.46% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Steven A. Museles sold 16,253 shares of the firm’s 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Evan Regan-Levine sold 5,714 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $23.62, for a total value of $134,964.68. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 45,015 shares of company stock worth $933,040. Insiders own 4.40% of the company’s stock.

JBG SMITH Properties Stock Up 1.5%

JBGS stock opened at $17.72 on Wednesday. The firm has a 50-day moving average price of $20.92 and a 200-day moving average price of $19.39. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month 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 capitalization of $1.05 billion, a P/E ratio of -8.64 and a beta of 1.31.

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

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Thursday, November 6th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, November 6th. This represents a $0.70 annualized dividend and a dividend yield of 4.0%. JBG SMITH Properties’s dividend payout ratio is -34.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JBG SMITH Properties in a report on Wednesday, October 8th. Evercore ISI reduced their price target on shares of JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating on the stock in a research report on Friday. Finally, New Street Research set a $19.00 price objective on shares of JBG SMITH Properties in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, JBG SMITH Properties has a consensus rating of “Strong Sell” and a consensus target price of $17.33.

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.