Hsbc Holdings PLC Acquires New Holdings in JBG SMITH Properties $JBGS

Hsbc Holdings PLC bought a new position in JBG SMITH Properties (NYSE:JBGS) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 118,627 shares of the company’s stock, valued at approximately $1,741,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of JBG SMITH Properties by 151.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after buying an additional 987 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in JBG SMITH Properties by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock worth $38,000 after purchasing an additional 765 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of JBG SMITH Properties during the 4th quarter valued at about $39,000. EverSource Wealth Advisors LLC increased its position in shares of JBG SMITH Properties by 113.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock valued at $57,000 after purchasing an additional 1,741 shares during the last quarter. Finally, State of Wyoming bought a new position in shares of JBG SMITH Properties in the 2nd quarter worth approximately $72,000. 98.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday. BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. Finally, Capital One Financial set a $13.00 price objective on JBG SMITH Properties in a research note on Tuesday, August 4th. Three equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, JBG SMITH Properties has an average rating of “Strong Sell” and an average target price of $16.67.

JBG SMITH Properties Stock Up 0.5%

JBGS stock opened at $12.14 on Monday. The business’s 50-day moving average price is $13.65 and its 200-day moving average price is $14.51. The stock has a market cap of $711.16 million, a P/E ratio of -4.65 and a beta of 1.07. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. JBG SMITH Properties has a twelve month low of $10.77 and a twelve month high of $24.30.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Shareholders of record on Thursday, August 13th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio is presently -26.82%.

Insider Buying and Selling at JBG SMITH Properties

In other news, insider Steven A. Museles sold 20,010 shares of the stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.01, for a total value of $300,350.10. Following the completion of the sale, the insider directly owned 12,032 shares of the company’s stock, valued at $180,600.32. This represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.90% of the stock is currently owned by insiders.

JBG SMITH Properties 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.