Private Management Group Inc. reduced its holdings in JBG SMITH Properties (NYSE:JBGS - Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,903,001 shares of the company's stock after selling 123,208 shares during the period. JBG SMITH Properties makes up 1.2% of Private Management Group Inc.'s holdings, making the stock its 23rd biggest position. Private Management Group Inc. owned 2.15% of JBG SMITH Properties worth $33,264,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of JBG SMITH Properties by 15.9% in the 1st quarter. BNP Paribas Financial Markets now owns 81,198 shares of the company's stock worth $1,303,000 after acquiring an additional 11,123 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of JBG SMITH Properties by 6.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 28,323 shares of the company's stock valued at $455,000 after buying an additional 1,815 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of JBG SMITH Properties by 8.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 76,218 shares of the company's stock worth $1,223,000 after buying an additional 6,197 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of JBG SMITH Properties by 313.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 131,869 shares of the company's stock valued at $1,986,000 after buying an additional 99,983 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in JBG SMITH Properties by 102.3% in the first quarter. UniSuper Management Pty Ltd now owns 57,958 shares of the company's stock valued at $930,000 after acquiring an additional 29,308 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, Evercore ISI raised their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research note on Monday, September 16th.
Read Our Latest Report on JBG SMITH Properties
JBG SMITH Properties Price Performance
JBGS traded down $0.22 on Friday, hitting $16.78. The company had a trading volume of 389,026 shares, compared to its average volume of 352,533. The company's fifty day moving average price is $17.74 and its 200 day moving average price is $16.24. JBG SMITH Properties has a 1 year low of $12.63 and a 1 year high of $18.86. The company has a quick ratio of 3.88, a current ratio of 3.87 and a debt-to-equity ratio of 1.38.
JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.03. The business had revenue of $136.03 million for the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.
JBG SMITH Properties Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date is Thursday, November 7th. JBG SMITH Properties's dividend payout ratio (DPR) is -53.85%.
JBG SMITH Properties Profile
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Free Report)
JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.
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