Bank of America Corp DE Sells 181,873 Shares of JBG SMITH Properties (NYSE:JBGS)

Bank of America Corp DE trimmed its stake in JBG SMITH Properties (NYSE:JBGS - Free Report) by 32.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 382,587 shares of the company's stock after selling 181,873 shares during the quarter. Bank of America Corp DE owned approximately 0.45% of JBG SMITH Properties worth $5,880,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of JBG SMITH Properties by 75.8% in the fourth quarter. Northern Trust Corp now owns 1,631,630 shares of the company's stock worth $25,078,000 after buying an additional 703,538 shares during the period. Invesco Ltd. boosted its stake in JBG SMITH Properties by 94.4% in the 4th quarter. Invesco Ltd. now owns 691,230 shares of the company's stock worth $10,624,000 after purchasing an additional 335,661 shares during the period. Norges Bank purchased a new position in JBG SMITH Properties during the 4th quarter worth approximately $3,837,000. GSI Capital Advisors LLC acquired a new stake in JBG SMITH Properties during the 4th quarter valued at $3,036,000. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of JBG SMITH Properties by 7.8% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,299,260 shares of the company's stock valued at $35,340,000 after purchasing an additional 167,191 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI lifted their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a report on Monday, May 19th.

JBG SMITH Properties Stock Down 0.4%

Shares of JBGS stock traded down $0.07 during trading on Friday, hitting $17.16. 1,521,671 shares of the company were exchanged, compared to its average volume of 866,633. The business's 50-day simple moving average is $15.57 and its 200 day simple moving average is $15.49. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $18.86. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -10.28 and a beta of 1.14. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.42) by $0.51. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The business had revenue of $120.69 million for the quarter, compared to analysts' expectations of $124.35 million.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Thursday, May 8th. JBG SMITH Properties's dividend payout ratio is -37.43%.

About JBG SMITH Properties

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.