JBG SMITH Properties $JBGS Shares Sold by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio reduced its stake in JBG SMITH Properties by 12.2%, owning 107,436 shares worth approximately $1.86 million after the sale.
• Several other institutional investors, including Farther Finance Advisors LLC and US Bancorp DE, have significantly increased their positions in JBG SMITH Properties during the first quarter.
• JBG SMITH Properties reported a quarterly earnings per share of $0.19, exceeding expectations, despite a negative net margin of 29.54%.

Public Employees Retirement System of Ohio cut its holdings in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,436 shares of the company's stock after selling 14,946 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.15% of JBG SMITH Properties worth $1,859,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in JBGS. Farther Finance Advisors LLC raised its holdings in JBG SMITH Properties by 1,052.9% during the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock worth $42,000 after purchasing an additional 2,390 shares in the last quarter. US Bancorp DE increased its position in shares of JBG SMITH Properties by 123.6% during the 1st quarter. US Bancorp DE now owns 3,787 shares of the company's stock valued at $61,000 after purchasing an additional 2,093 shares during the period. MAI Capital Management raised its stake in shares of 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 acquired a new stake in shares of JBG SMITH Properties in the first quarter valued at $166,000. Finally, M&T Bank Corp bought a new position in JBG SMITH Properties during the first quarter valued at about $170,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JBGS has been the topic of several research reports. Weiss Ratings reiterated a "sell (d)" rating on shares of JBG SMITH Properties in a research report on Saturday, September 27th. Evercore ISI reaffirmed an "underperform" rating on shares of JBG SMITH Properties in a research note on Monday, September 15th. Finally, Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, JBG SMITH Properties currently has an average rating of "Strong Sell" and an average target price of $17.00.

JBG SMITH Properties Trading Down 1.2%

NYSE JBGS opened at $21.55 on Friday. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $24.30. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -11.40 and a beta of 1.35. The firm's 50 day moving average price is $21.54 and its two-hundred day moving average price is $18.29.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.73. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%. The firm had revenue of $126.48 million for the quarter, compared to analysts' expectations of $116.76 million.

JBG SMITH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Thursday, August 7th. JBG SMITH Properties's payout ratio is currently -37.04%.

Insider Activity at JBG SMITH Properties

In other news, insider Steven A. Museles sold 1,295 shares of the business's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $23.40, for a total transaction of $30,303.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.57, for a total transaction of $120,792.00. Following the completion of the sale, the executive directly owned 2,750 shares of the company's stock, valued at approximately $59,317.50. The trade was a 67.07% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,457 shares of company stock valued at $661,800. Insiders own 4.40% of the company's stock.

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.

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