JBG SMITH Properties $JBGS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in JBG SMITH Properties (NYSE:JBGS) by 89.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,475 shares of the company’s stock after selling 341,496 shares during the period. SG Americas Securities LLC’s holdings in JBG SMITH Properties were worth $606,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Morgan Stanley raised its holdings in JBG SMITH Properties by 56.5% during the fourth quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock worth $57,428,000 after purchasing an additional 1,218,460 shares in the last quarter. Long Pond Capital LP increased its position in shares of JBG SMITH Properties by 28.4% during the 4th quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock valued at $70,547,000 after purchasing an additional 918,505 shares during the period. Wellington Management Group LLP bought a new stake in shares of JBG SMITH Properties in the 3rd quarter worth $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of JBG SMITH Properties by 554.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock worth $10,847,000 after buying an additional 570,428 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of JBG SMITH Properties by 263.3% in the third quarter. Millennium Management LLC now owns 535,496 shares of the company’s stock valued at $11,915,000 after buying an additional 388,113 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Insider Buying and Selling at JBG SMITH Properties

In related news, insider Steven A. Museles sold 20,010 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $15.01, for a total value of $300,350.10. Following the completion of the transaction, the insider owned 12,032 shares in the company, valued at $180,600.32. This trade represents a 62.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell” and an average target price of $18.50.

JBG SMITH Properties Trading Down 2.4%

JBG SMITH Properties stock opened at $14.95 on Wednesday. The company has a debt-to-equity ratio of 2.22, a quick ratio of 4.53 and a current ratio of 4.53. The firm has a market cap of $870.70 million, a price-to-earnings ratio of -7.99 and a beta of 1.07. JBG SMITH Properties has a 1 year low of $13.71 and a 1 year high of $24.30. The firm’s 50 day moving average price is $14.76 and its two-hundred day moving average price is $15.51.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. The company had revenue of $127.60 million for the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, May 14th. JBG SMITH Properties’s dividend payout ratio is currently -37.43%.

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.