Rhumbline Advisers Sells 38,880 Shares of JBG SMITH Properties $JBGS

Rhumbline Advisers reduced its holdings in JBG SMITH Properties (NYSE:JBGS) by 15.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 209,786 shares of the company’s stock after selling 38,880 shares during the period. Rhumbline Advisers owned 0.35% of JBG SMITH Properties worth $4,668,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JBGS. CWM LLC grew its holdings in shares of JBG SMITH Properties by 65.1% in the 3rd quarter. CWM LLC now owns 1,294 shares of the company’s stock valued at $29,000 after acquiring an additional 510 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in JBG SMITH Properties by 78.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock valued at $32,000 after purchasing an additional 650 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in JBG SMITH Properties by 113.6% in the second 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 in the last quarter. Farther Finance Advisors LLC increased its position in shares of JBG SMITH Properties by 20.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,289 shares of the company’s stock worth $73,000 after purchasing an additional 569 shares during the last quarter. Finally, MAI Capital Management raised its stake in shares of JBG SMITH Properties by 17.1% during the 2nd quarter. MAI Capital Management now owns 4,901 shares of the company’s stock worth $85,000 after purchasing an additional 717 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a report on Thursday, January 22nd. Evercore cut their price target 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. Finally, Wall Street Zen downgraded shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus target price of $18.50.

JBG SMITH Properties Stock Down 1.1%

JBGS opened at $15.66 on Wednesday. The stock’s fifty day simple moving average is $16.75 and its 200 day simple moving average is $19.04. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $24.30. The stock has a market cap of $923.10 million, a PE ratio of -7.42 and a beta of 1.15. The company has a current ratio of 3.63, a quick ratio of 3.63 and a debt-to-equity ratio of 2.16.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.31). The company had revenue of $127.56 million for the quarter, compared to the consensus estimate of $122.44 million. JBG SMITH Properties had a negative return on equity of 10.61% and a negative net margin of 27.89%.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 13th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.175 per share. The ex-dividend date was Tuesday, December 30th. This represents a $0.70 annualized dividend and a yield of 4.5%. JBG SMITH Properties’s dividend payout ratio (DPR) is -33.18%.

About JBG SMITH Properties

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.