Private Management Group Inc. Reduces Stock Position in JBG SMITH Properties $JBGS

Private Management Group Inc. trimmed its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 2.2% in the second quarter, Holdings Channel reports. The institutional investor owned 1,694,500 shares of the company’s stock after selling 37,708 shares during the period. Private Management Group Inc.’s holdings in JBG SMITH Properties were worth $29,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. US Bancorp DE increased its holdings in shares of JBG SMITH Properties by 123.6% in the 1st quarter. US Bancorp DE now owns 3,787 shares of the company’s stock valued at $61,000 after acquiring an additional 2,093 shares during the last quarter. MAI Capital Management lifted its position in shares of JBG SMITH Properties by 103.5% during the 1st quarter. MAI Capital Management now owns 4,184 shares of the company’s stock worth $67,000 after buying an additional 2,128 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of JBG SMITH Properties in the 1st quarter valued at $166,000. Metis Global Partners LLC boosted its holdings in shares of JBG SMITH Properties by 12.6% in the 2nd quarter. Metis Global Partners LLC now owns 12,059 shares of the company’s stock valued at $209,000 after buying an additional 1,353 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in JBG SMITH Properties by 6.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 12,461 shares of the company’s stock worth $216,000 after acquiring an additional 710 shares in the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CIO George Laucks Xanders sold 4,000 shares of JBG SMITH Properties stock in a transaction on Friday, September 12th. The shares were sold at an average price of $23.44, for a total value of $93,760.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Evan Regan-Levine sold 5,714 shares of the business’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $23.62, for a total transaction of $134,964.68. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 45,015 shares of company stock valued at $933,040. Company insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Evercore ISI decreased their price objective on shares of JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a research note on Friday, November 14th. New Street Research set a $19.00 target price on JBG SMITH Properties in a research report on Thursday, October 9th. Wall Street Zen lowered JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties has a consensus rating of “Strong Sell” and a consensus price target of $17.33.

JBG SMITH Properties Price Performance

Shares of NYSE:JBGS opened at $17.76 on Friday. JBG SMITH Properties has a one year low of $13.28 and a one year high of $24.30. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -8.66 and a beta of 1.31. The company has a 50-day simple moving average of $20.59 and a 200-day simple moving average of $19.39. The company has a debt-to-equity ratio of 2.06, a quick ratio of 3.67 and a current ratio of 3.67.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.64. The firm had revenue of $123.87 million for the quarter, compared to analyst estimates of $120.57 million. JBG SMITH Properties had a negative return on equity of 10.41% and a negative net margin of 30.57%.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, November 6th. JBG SMITH Properties’s dividend payout ratio (DPR) is -34.15%.

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.