Hsbc Holdings PLC Acquires Shares of 118,627 JBG SMITH Properties $JBGS

Key Points

• Hsbc Holdings PLC acquired 118,627 shares of JBG SMITH Properties in the second quarter, valued at approximately $1.74 million and representing about 0.20% of the company.
• Institutional investors own 98.46% of JBGS, while insider Steven A. Museles sold 20,010 shares for roughly $300,350; insiders retain an 11.90% stake.
• JBGS recently paid a quarterly dividend of $0.175 per share, implying a 5.8% annualized yield, but analysts maintain a “Strong Sell” consensus with a $16.67 average price target.

Hsbc Holdings PLC bought a new stake in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 118,627 shares of the company's stock, valued at approximately $1,741,000. Hsbc Holdings PLC owned approximately 0.20% of JBG SMITH Properties at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in JBG SMITH Properties by 151.8% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company's stock valued at $36,000 after acquiring an additional 987 shares during the period. Smartleaf Asset Management LLC grew its holdings in JBG SMITH Properties by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company's stock worth $38,000 after purchasing an additional 765 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of JBG SMITH Properties during the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC increased its stake in shares of JBG SMITH Properties by 113.6% during the second quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company's stock valued at $57,000 after purchasing an additional 1,741 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of JBG SMITH Properties during the second quarter valued at approximately $72,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JBG SMITH Properties

In other news, insider Steven A. Museles sold 20,010 shares of the business's 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. The trade was a 62.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 11.90% of the company's stock.

JBG SMITH Properties Trading Up 0.5%

NYSE:JBGS opened at $12.14 on Monday. The company's 50 day moving average price is $13.65 and its 200-day moving average price is $14.51. JBG SMITH Properties has a 52 week low of $10.77 and a 52 week high of $24.30. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. The stock has a market cap of $711.16 million, a price-to-earnings ratio of -4.65 and a beta of 1.07.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 5.8%. The ex-dividend date was Thursday, August 13th. JBG SMITH Properties's dividend payout ratio (DPR) is currently -26.82%.

Analyst Ratings Changes

JBGS has been the topic of several recent research reports. Wall Street Zen downgraded JBG SMITH Properties from a "hold" rating to a "sell" rating in a research note on Saturday. Weiss Ratings reissued a "sell (d-)" rating on shares of JBG SMITH Properties in a report on Monday, June 8th. BMO Capital Markets reissued an "underperform" rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Finally, Capital One Financial set a $13.00 price target on JBG SMITH Properties in a report on Tuesday, August 4th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of "Strong Sell" and a consensus target price of $16.67.

JBG SMITH Properties Company 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.

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