Rhumbline Advisers Has $4.28 Million Stake in JBG SMITH Properties $JBGS

Key Points

• Rhumbline Advisers has reduced its stake in JBG SMITH Properties by 5.3%, now holding 265,426 shares worth approximately $4.28 million.
• JBG SMITH Properties announced a quarterly dividend of $0.175 per share, reflecting an annual yield of 3.0%, with a negative dividend payout ratio of -37.04%.
• Despite recent ownership changes by various institutional investors including a 554.4% increase in holdings by UBS AM, Wall Street analysts maintain a consensus "Sell" rating with an average price target of $17.00.

Rhumbline Advisers decreased its stake in JBG SMITH Properties (NYSE:JBGS - Free Report) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 265,426 shares of the company's stock after selling 14,837 shares during the quarter. Rhumbline Advisers owned approximately 0.36% of JBG SMITH Properties worth $4,276,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new position in shares of JBG SMITH Properties during the 1st quarter worth $189,000. Principal Financial Group Inc. increased its stake in shares of JBG SMITH Properties by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 420,525 shares of the company's stock worth $6,775,000 after purchasing an additional 11,005 shares during the last quarter. Invesco Ltd. increased its stake in shares of JBG SMITH Properties by 10.5% during the 1st quarter. Invesco Ltd. now owns 763,548 shares of the company's stock worth $12,301,000 after purchasing an additional 72,318 shares during the last quarter. Deutsche Bank AG increased its stake in shares of JBG SMITH Properties by 51.0% during the 1st quarter. Deutsche Bank AG now owns 190,164 shares of the company's stock worth $3,064,000 after purchasing an additional 64,262 shares during the last quarter. Finally, M&T Bank Corp acquired a new position in shares of JBG SMITH Properties during the 1st quarter worth $170,000. Hedge funds and other institutional investors own 98.46% of the company's stock.

Insider Activity at JBG SMITH Properties

In related news, CAO Angela Valdes sold 10,098 shares of the stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $21.53, for a total transaction of $217,409.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Steven A. Museles sold 1,295 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $23.40, for a total transaction of $30,303.00. The disclosure for this sale can be found here. Insiders have sold 29,457 shares of company stock worth $661,800 over the last ninety days. 4.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on JBGS shares. Evercore ISI restated an "underperform" rating on shares of JBG SMITH Properties in a research note on Monday. Wall Street Zen raised shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of "Sell" and an average price target of $17.00.

JBG SMITH Properties Price Performance

JBGS stock traded down $0.37 during trading on Friday, hitting $23.68. 6,730,183 shares of the stock traded hands, compared to its average volume of 974,735. JBG SMITH Properties has a one year low of $13.28 and a one year high of $24.30. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of -12.53 and a beta of 1.33. The company has a 50 day simple moving average of $20.80 and a 200 day simple moving average of $17.77. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 1.88.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of ($0.54) by $0.73. The business had revenue of $126.48 million during the quarter, compared to the consensus estimate 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 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 $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Thursday, August 7th. JBG SMITH Properties's dividend payout ratio is -37.04%.

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.