Vanguard Group Inc. Cuts Stake in JBG SMITH Properties $JBGS

Key Points

• Vanguard Group Inc. reduced its holdings in JBG SMITH Properties by 1.2%, owning approximately 17.79% of the company after selling 159,270 shares.
• The company's recent earnings report showed a beat against analysts' expectations, with a reported $0.19 EPS compared to the consensus estimate of ($0.54).
• JBG SMITH Properties declared a quarterly dividend of $0.175 per share, resulting in an annualized dividend yield of 3.4%.

Vanguard Group Inc. reduced its stake in JBG SMITH Properties (NYSE:JBGS - Free Report) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,998,211 shares of the company's stock after selling 159,270 shares during the period. Vanguard Group Inc. owned about 17.79% of JBG SMITH Properties worth $209,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of JBG SMITH Properties by 123.6% in 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 in the last quarter. Private Management Group Inc. lifted its position in shares of JBG SMITH Properties by 0.7% in the 1st quarter. Private Management Group Inc. now owns 1,732,208 shares of the company's stock worth $27,906,000 after purchasing an additional 11,669 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of JBG SMITH Properties in the 1st quarter valued at $554,000. Allianz Asset Management GmbH increased its stake in shares of JBG SMITH Properties by 50.4% in the 1st quarter. Allianz Asset Management GmbH now owns 404,137 shares of the company's stock valued at $6,511,000 after acquiring an additional 135,440 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of JBG SMITH Properties by 167.7% in the 1st quarter. Victory Capital Management Inc. now owns 255,604 shares of the company's stock valued at $4,118,000 after acquiring an additional 160,132 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Up 1.4%

JBGS stock traded up $0.2940 during midday trading on Friday, reaching $20.5840. 965,561 shares of the company's stock traded hands, compared to its average volume of 1,242,494. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -10.89 and a beta of 1.28. The firm's fifty day moving average price is $18.83 and its 200-day moving average price is $16.76. The company has a quick ratio of 3.54, a current ratio of 3.54 and a debt-to-equity ratio of 1.88. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $22.45.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of ($0.54) by $0.73. The business had revenue of $126.48 million during the quarter, compared to analyst estimates of $116.76 million. JBG SMITH Properties had a negative net margin of 29.54% and a negative return on equity of 9.20%.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Thursday, August 7th were paid a $0.175 dividend. The ex-dividend date was Thursday, August 7th. This represents a $0.70 annualized dividend and a dividend yield of 3.4%. JBG SMITH Properties's dividend payout ratio is presently -37.04%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JBGS shares. Evercore ISI lifted their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, JBG SMITH Properties has a consensus rating of "Sell" and an average target price of $16.00.

Insider Buying and Selling at JBG SMITH Properties

In other news, CAO Angela Valdes sold 10,098 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total value of $217,409.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CIO George Laucks Xanders sold 5,600 shares of the company's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the completion of the sale, the executive 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. Corporate 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.