Rhumbline Advisers Reduces Position 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 cut its stake in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 5.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,426 shares of the company's stock after selling 14,837 shares during the quarter. Rhumbline Advisers owned about 0.36% of JBG SMITH Properties worth $4,276,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Strs Ohio purchased a new stake in shares of JBG SMITH Properties during the first quarter valued at $251,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in JBG SMITH Properties by 554.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company's stock valued at $10,847,000 after purchasing an additional 570,428 shares during the last quarter. Empowered Funds LLC boosted its holdings in JBG SMITH Properties by 12.8% in the first quarter. Empowered Funds LLC now owns 17,555 shares of the company's stock valued at $283,000 after purchasing an additional 1,998 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in JBG SMITH Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company's stock valued at $781,000 after purchasing an additional 2,118 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new stake in JBG SMITH Properties in the first quarter valued at $166,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Angela Valdes sold 10,098 shares of the firm'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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Steven A. Museles sold 1,295 shares of the firm'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 disclosure for this sale can be found here. Insiders have sold a total of 16,993 shares of company stock worth $368,505 in the last ninety days. 4.40% of the stock is owned by corporate insiders.

JBG SMITH Properties Stock Up 0.6%

Shares of NYSE JBGS opened at $23.49 on Monday. JBG SMITH Properties has a 12-month low of $13.28 and a 12-month high of $23.67. The stock has a market cap of $1.45 billion, a PE ratio of -12.43 and a beta of 1.33. The company has a current ratio of 3.54, a quick ratio of 3.54 and a debt-to-equity ratio of 1.88. The company has a 50-day moving average of $20.19 and a 200 day moving average of $17.50.

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, beating 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 business had revenue of $126.48 million during the quarter, compared to analysts' expectations of $116.76 million.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, August 7th. This represents a $0.70 dividend on an annualized basis and a yield of 3.0%. JBG SMITH Properties's dividend payout ratio is -37.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Evercore ISI lowered their price target on shares of JBG SMITH Properties from $20.00 to $19.00 and set an "underperform" rating on the stock in a report on Monday, September 8th. 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 equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of "Sell" and a consensus target price of $17.00.

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.

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