Venture Visionary Partners LLC Sells 30,000 Shares of JBG SMITH Properties $JBGS

Key Points

• Venture Visionary Partners LLC reduced its stake in JBG SMITH Properties by 50%, selling 30,000 shares, bringing its total holdings to 30,000 shares worth $483,000.
• JBG SMITH Properties experienced a 2.5% decline in stock price to $20.25, with a market capitalization of $1.25 billion and negative earnings per share of $0.19.
• The company announced a quarterly dividend of $0.175 per share, resulting in an annualized dividend yield of 3.5%.

Venture Visionary Partners LLC lessened its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 50.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,000 shares of the company's stock after selling 30,000 shares during the period. Venture Visionary Partners LLC's holdings in JBG SMITH Properties were worth $483,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Yoffe Investment Management LLC acquired a new stake in JBG SMITH Properties in the fourth quarter worth $169,000. Bank of Montreal Can grew its holdings in JBG SMITH Properties by 8.5% in the fourth quarter. Bank of Montreal Can now owns 11,928 shares of the company's stock worth $183,000 after purchasing an additional 939 shares during the period. Sterling Capital Management LLC grew its holdings in JBG SMITH Properties by 814.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock worth $40,000 after purchasing an additional 2,289 shares during the period. Barclays PLC grew its holdings in JBG SMITH Properties by 3.1% in the fourth quarter. Barclays PLC now owns 146,803 shares of the company's stock worth $2,257,000 after purchasing an additional 4,394 shares during the period. Finally, MetLife Investment Management LLC grew its holdings in JBG SMITH Properties by 6.2% in the fourth quarter. MetLife Investment Management LLC now owns 53,216 shares of the company's stock worth $818,000 after purchasing an additional 3,116 shares during the period. Institutional investors own 98.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Evercore ISI raised their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a report on Monday, May 19th. Wall Street Zen upgraded shares of JBG SMITH Properties from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties presently has a consensus rating of "Sell" and an average price target of $16.00.

JBG SMITH Properties Stock Down 2.5%

Shares of NYSE JBGS opened at $20.2530 on Friday. The stock has a market capitalization of $1.25 billion, a P/E ratio of -10.72 and a beta of 1.28. The company has a 50-day moving average price of $18.78 and a 200-day moving average price of $16.71. JBG SMITH Properties has a 1 year low of $13.28 and a 1 year high of $22.45. The company has a debt-to-equity ratio of 1.88, a current ratio of 3.54 and a quick ratio of 3.54.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.54) by $0.73. The firm had revenue of $126.48 million during the quarter, compared to analysts' expectations 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 company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Investors 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 annualized dividend and a yield of 3.5%. JBG SMITH Properties's payout ratio is -37.04%.

Insider Activity

In related news, CAO Angela Valdes sold 10,098 shares of the business's stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $21.53, for a total transaction of $217,409.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CIO George Laucks Xanders sold 5,600 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the transaction, the executive owned 2,750 shares in the company, valued at approximately $59,317.50. This trade represents a 67.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

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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