JPMorgan Chase & Co. Sells 50,663 Shares of JBG SMITH Properties $JBGS

JPMorgan Chase & Co. lowered its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 561,285 shares of the company’s stock after selling 50,663 shares during the quarter. JPMorgan Chase & Co.’s holdings in JBG SMITH Properties were worth $12,489,000 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. Metis Global Partners LLC grew its position in JBG SMITH Properties by 36.6% during the third quarter. Metis Global Partners LLC now owns 16,474 shares of the company’s stock valued at $367,000 after buying an additional 4,415 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of JBG SMITH Properties by 78.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock worth $32,000 after acquiring an additional 650 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of JBG SMITH Properties by 51.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 804,190 shares of the company’s stock worth $17,893,000 after acquiring an additional 273,118 shares during the last quarter. AlphaQuest LLC grew its position in shares of JBG SMITH Properties by 48.0% during the 3rd quarter. AlphaQuest LLC now owns 75,591 shares of the company’s stock valued at $1,682,000 after acquiring an additional 24,516 shares during the period. Finally, Ballentine Partners LLC increased its stake in shares of JBG SMITH Properties by 4.5% in the 3rd quarter. Ballentine Partners LLC now owns 13,789 shares of the company’s stock worth $307,000 after purchasing an additional 599 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Trading Down 0.7%

Shares of JBG SMITH Properties stock opened at $15.13 on Friday. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $24.30. The company has a debt-to-equity ratio of 2.16, a quick ratio of 3.63 and a current ratio of 3.63. The company has a market capitalization of $891.91 million, a P/E ratio of -7.17 and a beta of 1.15. The company has a fifty day moving average of $16.49 and a 200 day moving average of $18.83.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, February 17th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.31). The business had revenue of $127.56 million for the quarter, compared to the consensus estimate of $122.44 million. JBG SMITH Properties had a negative net margin of 27.89% and a negative return on equity of 10.61%.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Tuesday, December 30th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.6%. The ex-dividend date was Tuesday, December 30th. JBG SMITH Properties’s dividend payout ratio is presently -33.18%.

Analysts Set New Price Targets

JBGS has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Thursday, January 22nd. Evercore decreased their price objective on JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating on the stock in a research note on Friday, November 14th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, JBG SMITH Properties has an average rating of “Sell” and an average price target of $18.50.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.