Bank of New York Mellon Corp Trims Stock Position in JBG SMITH Properties (NYSE:JBGS)

Bank of New York Mellon Corp lessened its holdings in JBG SMITH Properties (NYSE:JBGS) by 6.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 749,182 shares of the company’s stock after selling 49,515 shares during the period. Bank of New York Mellon Corp’s holdings in JBG SMITH Properties were worth $11,515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in JBG SMITH Properties by 430.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock valued at $10,712,000 after buying an additional 497,288 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of JBG SMITH Properties by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock valued at $38,010,000 after acquiring an additional 105,384 shares during the period. Jane Street Group LLC increased its stake in shares of JBG SMITH Properties by 33.4% in the 3rd quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock worth $6,275,000 after purchasing an additional 89,812 shares in the last quarter. Quantinno Capital Management LP raised its holdings in JBG SMITH Properties by 105.8% in the 3rd quarter. Quantinno Capital Management LP now owns 70,823 shares of the company’s stock worth $1,238,000 after purchasing an additional 36,412 shares during the period. Finally, Citigroup Inc. lifted its position in JBG SMITH Properties by 1.1% during the third quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after purchasing an additional 32,027 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut JBG SMITH Properties from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $18.00 to $15.00 in a research report on Tuesday, December 3rd.

JBG SMITH Properties Stock Performance

JBGS opened at $14.23 on Friday. The company has a 50 day simple moving average of $15.10 and a two-hundred day simple moving average of $16.32. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.73 and a quick ratio of 3.87. The firm has a market cap of $1.17 billion, a P/E ratio of -8.52 and a beta of 1.12. JBG SMITH Properties has a 1-year low of $13.65 and a 1-year high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.52. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The company had revenue of $108.43 million for the quarter, compared to analysts’ expectations of $116.31 million.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio (DPR) is -41.92%.

JBG SMITH Properties Company 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.