Private Management Group Inc. Reduces Holdings in JBG SMITH Properties (NYSE:JBGS)

Private Management Group Inc. cut its holdings in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 9.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,720,539 shares of the company's stock after selling 182,462 shares during the period. Private Management Group Inc. owned about 2.04% of JBG SMITH Properties worth $26,445,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. increased its stake in JBG SMITH Properties by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 121,480 shares of the company's stock worth $2,123,000 after buying an additional 680 shares during the period. Van ECK Associates Corp grew its stake in shares of JBG SMITH Properties by 4.7% in the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company's stock worth $282,000 after acquiring an additional 702 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of JBG SMITH Properties by 30.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company's stock worth $57,000 after acquiring an additional 753 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of JBG SMITH Properties by 5.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company's stock valued at $368,000 after acquiring an additional 1,021 shares in the last quarter. Finally, Carmel Capital Partners LLC boosted its holdings in JBG SMITH Properties by 4.3% in the third quarter. Carmel Capital Partners LLC now owns 26,200 shares of the company's stock valued at $458,000 after purchasing an additional 1,084 shares during the period. Institutional investors and hedge funds own 98.46% of the company's stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered JBG SMITH Properties from a "market perform" rating to an "underperform" rating and reduced their price target for the company from $18.00 to $15.00 in a research report on Tuesday, December 3rd.

JBG SMITH Properties Stock Down 0.4 %

NYSE JBGS traded down $0.06 on Friday, hitting $15.05. 361,442 shares of the stock were exchanged, compared to its average volume of 497,779. JBG SMITH Properties has a fifty-two week low of $13.65 and a fifty-two week high of $18.86. The company has a 50-day moving average price of $15.52 and a 200-day moving average price of $16.60. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38. The company has a market cap of $1.27 billion, a PE ratio of -11.58 and a beta of 1.11.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were paid a dividend of $0.175 per share. The ex-dividend date was Monday, December 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.65%. JBG SMITH Properties's payout ratio is currently -53.85%.

JBG SMITH Properties Company Profile

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.