JPMorgan Chase & Co. Sells 50,663 Shares of JBG SMITH Properties $JBGS

JPMorgan Chase & Co. reduced its stake in JBG SMITH Properties (NYSE:JBGS) by 8.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,285 shares of the company’s stock after selling 50,663 shares during the quarter. JPMorgan Chase & Co. owned about 0.95% of JBG SMITH Properties worth $12,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Metis Global Partners LLC boosted its holdings in JBG SMITH Properties by 36.6% in the third quarter. Metis Global Partners LLC now owns 16,474 shares of the company’s stock worth $367,000 after acquiring an additional 4,415 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of JBG SMITH Properties by 78.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock valued at $32,000 after acquiring an additional 650 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in JBG SMITH Properties by 51.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 804,190 shares of the company’s stock worth $17,893,000 after purchasing an additional 273,118 shares in the last quarter. AlphaQuest LLC boosted its stake in JBG SMITH Properties by 48.0% in the 3rd quarter. AlphaQuest LLC now owns 75,591 shares of the company’s stock worth $1,682,000 after purchasing an additional 24,516 shares in the last quarter. Finally, Ballentine Partners LLC grew its position in JBG SMITH Properties by 4.5% during the 3rd quarter. Ballentine Partners LLC now owns 13,789 shares of the company’s stock valued at $307,000 after purchasing an additional 599 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Performance

Shares of NYSE JBGS opened at $15.13 on Friday. The firm’s 50-day moving average price is $16.49 and its 200-day moving average price is $18.83. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $24.30. The company has a market cap of $891.91 million, a PE ratio of -7.17 and a beta of 1.15. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 2.16.

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

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Stockholders of record on Tuesday, December 30th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, December 30th. JBG SMITH Properties’s dividend payout ratio (DPR) is -33.18%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JBGS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Evercore reduced their price target on shares of JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a research report on Friday, November 14th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell” and a consensus target price of $18.50.

About JBG SMITH Properties

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.