Bank of New York Mellon Corp Lowers Stake in JBG SMITH Properties (NYSE:JBGS)

Bank of New York Mellon Corp reduced its stake in JBG SMITH Properties (NYSE:JBGS - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 705,608 shares of the company's stock after selling 43,574 shares during the quarter. Bank of New York Mellon Corp owned 0.86% of JBG SMITH Properties worth $11,367,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in JBGS. Sterling Capital Management LLC lifted its holdings in JBG SMITH Properties by 814.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock worth $40,000 after buying an additional 2,289 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in JBG SMITH Properties by 1,052.9% during the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock worth $42,000 after buying an additional 2,390 shares in the last quarter. Versant Capital Management Inc raised its holdings in JBG SMITH Properties by 113.7% in the first quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after acquiring an additional 1,795 shares in the last quarter. State of Wyoming acquired a new stake in JBG SMITH Properties in the fourth quarter valued at approximately $98,000. Finally, Yoffe Investment Management LLC acquired a new stake in shares of JBG SMITH Properties in the 4th quarter valued at $169,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Up 0.6%

Shares of JBGS traded up $0.12 during midday trading on Thursday, reaching $19.24. The stock had a trading volume of 793,089 shares, compared to its average volume of 922,681. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $19.27. The company's fifty day simple moving average is $17.61 and its two-hundred day simple moving average is $16.03. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -10.29 and a beta of 1.24. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.40 and a quick ratio of 3.40.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.42) by $0.51. JBG SMITH Properties had a negative net margin of 30.02% and a negative return on equity of 8.59%. The business had revenue of $120.69 million for the quarter, compared to analyst estimates of $124.35 million.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.64%. JBG SMITH Properties's dividend payout ratio (DPR) is -37.43%.

Analyst Upgrades and Downgrades

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

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.