Loews Corp Trims Stock Holdings in JBG SMITH Properties $JBGS

Loews Corp decreased its position in JBG SMITH Properties (NYSE:JBGS) by 29.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 496,520 shares of the company’s stock after selling 211,323 shares during the quarter. JBG SMITH Properties makes up 0.1% of Loews Corp’s portfolio, making the stock its 14th biggest position. Loews Corp’s holdings in JBG SMITH Properties were worth $11,048,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CWM LLC increased its stake in shares of JBG SMITH Properties by 65.1% in the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock worth $29,000 after acquiring an additional 510 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in 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 in the last quarter. Farther Finance Advisors LLC grew its holdings in JBG SMITH Properties by 20.9% in the third quarter. Farther Finance Advisors LLC now owns 3,289 shares of the company’s stock worth $73,000 after purchasing an additional 569 shares during the period. Finally, MAI Capital Management grew its holdings in JBG SMITH Properties by 17.1% in the second quarter. MAI Capital Management now owns 4,901 shares of the company’s stock worth $85,000 after purchasing an additional 717 shares during the period. Institutional investors own 98.46% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on JBGS shares. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell” and an average price target of $18.50.

JBG SMITH Properties Price Performance

JBGS opened at $14.19 on Tuesday. The firm has a market cap of $836.21 million, a PE ratio of -6.72 and a beta of 1.15. The stock has a 50-day moving average price of $16.16 and a 200-day moving average price of $18.50. JBG SMITH Properties has a 1 year low of $13.28 and a 1 year high of $24.30. The company has a debt-to-equity ratio of 2.16, a current ratio of 3.63 and a quick ratio of 3.63.

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

JBG SMITH Properties 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.