Citigroup Inc. Sells 46,569 Shares of JBG SMITH Properties $JBGS

Citigroup Inc. trimmed its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,878,444 shares of the company’s stock after selling 46,569 shares during the quarter. Citigroup Inc. owned about 4.86% of JBG SMITH Properties worth $64,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of JBG SMITH Properties by 65.1% during the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock worth $29,000 after buying an additional 510 shares during the period. Smartleaf Asset Management LLC lifted its position in JBG SMITH Properties by 78.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock worth $32,000 after acquiring an additional 650 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of JBG SMITH Properties by 113.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock worth $57,000 after acquiring an additional 1,741 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of JBG SMITH Properties by 20.9% during the third quarter. Farther Finance Advisors LLC now owns 3,289 shares of the company’s stock worth $73,000 after acquiring an additional 569 shares during the period. Finally, MAI Capital Management grew its position in shares of JBG SMITH Properties by 17.1% in the second quarter. MAI Capital Management now owns 4,901 shares of the company’s stock valued at $85,000 after purchasing an additional 717 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Price Performance

JBG SMITH Properties stock opened at $15.81 on Tuesday. The firm has a market cap of $932.00 million, a PE ratio of -7.49 and a beta of 1.15. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.63 and a quick ratio of 3.63. The stock’s fifty day moving average price is $16.79 and its two-hundred day moving average price is $19.07. JBG SMITH Properties has a one year low of $13.28 and a one year high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, February 17th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.31). JBG SMITH Properties had a negative return on equity of 10.61% and a negative net margin of 27.89%.The company had revenue of $127.56 million for the quarter, compared to analyst estimates of $122.44 million.

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Tuesday, December 30th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, December 30th. JBG SMITH Properties’s dividend payout ratio is presently -33.18%.

Analyst Ratings Changes

Several analysts recently issued reports on JBGS shares. Evercore reduced their price target on JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a research note on Friday, November 14th. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Finally, Wall Street Zen downgraded shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $18.50.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.