Man Group plc Lowers Position in JBG SMITH Properties (NYSE:JBGS)

Man Group plc decreased its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 11.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 347,573 shares of the company’s stock after selling 45,109 shares during the quarter. Man Group plc’s holdings in JBG SMITH Properties were worth $5,342,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JBGS. Northern Trust Corp grew its stake in shares of JBG SMITH Properties by 75.8% during the 4th quarter. Northern Trust Corp now owns 1,631,630 shares of the company’s stock valued at $25,078,000 after buying an additional 703,538 shares during the period. Invesco Ltd. boosted its holdings in JBG SMITH Properties by 94.4% in the fourth quarter. Invesco Ltd. now owns 691,230 shares of the company’s stock valued at $10,624,000 after acquiring an additional 335,661 shares during the last quarter. Norges Bank purchased a new stake in JBG SMITH Properties during the fourth quarter valued at about $3,837,000. GSI Capital Advisors LLC purchased a new stake in JBG SMITH Properties during the fourth quarter valued at about $3,036,000. Finally, Thompson Siegel & Walmsley LLC increased its stake in JBG SMITH Properties by 7.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,299,260 shares of the company’s stock worth $35,340,000 after acquiring an additional 167,191 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Trading Up 0.3%

NYSE JBGS opened at $16.60 on Wednesday. JBG SMITH Properties has a one year low of $13.28 and a one year high of $18.86. The company’s 50 day moving average price is $15.38 and its 200 day moving average price is $15.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -9.94 and a beta of 1.14.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.42) by $0.51. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The firm had revenue of $120.69 million for the quarter, compared to analyst estimates of $124.35 million.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be issued a $0.175 dividend. The ex-dividend date is Thursday, May 8th. This represents a $0.70 annualized dividend and a yield of 4.22%. JBG SMITH Properties’s payout ratio is -37.43%.

Analyst Ratings Changes

Separately, Evercore ISI raised their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a report on Monday.

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.