JBG SMITH Properties (NYSE:JBGS) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 4.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,548 shares of the company’s stock after selling 2,037 shares during the period. The Manufacturers Life Insurance Company’s holdings in JBG SMITH Properties were worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in JBG SMITH Properties by 706.3% during the third quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after purchasing an additional 1,674 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after buying an additional 753 shares in the last quarter. Bfsg LLC increased its holdings in JBG SMITH Properties by 9.5% in the second quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after buying an additional 1,102 shares in the last quarter. Van ECK Associates Corp increased its holdings in JBG SMITH Properties by 4.7% in the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after buying an additional 702 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in JBG SMITH Properties by 5.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company’s stock valued at $368,000 after buying an additional 1,021 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Evercore ISI boosted their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. BMO Capital Markets lowered shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Stock Performance

Shares of JBGS stock opened at $16.31 on Friday. The firm’s 50 day moving average price is $16.96 and its 200-day moving average price is $16.55. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. JBG SMITH Properties has a one year low of $13.65 and a one year high of $18.86. The firm has a market cap of $1.38 billion, a P/E ratio of -12.50 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The company had revenue of $136.03 million for the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.70 dividend on an annualized basis and a yield of 4.29%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -53.85%.

JBG SMITH Properties Profile

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.