Resona Asset Management Co. Ltd. Sells 7,826 Shares of JBG SMITH Properties $JBGS

Resona Asset Management Co. Ltd. reduced its position in JBG SMITH Properties (NYSE:JBGS) by 21.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,179 shares of the company’s stock after selling 7,826 shares during the period. Resona Asset Management Co. Ltd.’s holdings in JBG SMITH Properties were worth $510,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE raised its stake in shares of JBG SMITH Properties by 123.6% in the first quarter. US Bancorp DE now owns 3,787 shares of the company’s stock worth $61,000 after purchasing an additional 2,093 shares during the last quarter. MAI Capital Management increased its holdings in JBG SMITH Properties by 103.5% in the 1st quarter. MAI Capital Management now owns 4,184 shares of the company’s stock worth $67,000 after buying an additional 2,128 shares in the last quarter. AQR Capital Management LLC bought a new stake in JBG SMITH Properties in the 1st quarter worth about $166,000. M&T Bank Corp purchased a new position in JBG SMITH Properties in the 1st quarter worth about $170,000. Finally, Teacher Retirement System of Texas bought a new position in JBG SMITH Properties during the 1st quarter valued at about $189,000. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Stock Performance

NYSE:JBGS opened at $18.13 on Wednesday. The stock has a 50-day moving average price of $21.39 and a 200 day moving average price of $19.27. The stock has a market capitalization of $1.07 billion, a P/E ratio of -8.84 and a beta of 1.31. 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.

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

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, November 6th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.9%. JBG SMITH Properties’s dividend payout ratio is currently -34.15%.

Insider Activity at JBG SMITH Properties

In other JBG SMITH Properties news, CIO George Laucks Xanders sold 4,000 shares of JBG SMITH Properties stock in a transaction on Friday, September 12th. The shares were sold at an average price of $23.44, for a total value of $93,760.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Steven A. Museles sold 16,253 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $19.58, for a total transaction of $318,233.74. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 45,015 shares of company stock valued at $933,040. Corporate insiders own 4.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI lowered their price objective on shares of JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a research report on Thursday, October 9th. New Street Research set a $19.00 price target on JBG SMITH Properties in a report on Thursday, October 9th. Wall Street Zen lowered JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Strong Sell” and a consensus price target of $17.67.

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.