Quantinno Capital Management LP Cuts Stock Position in JBG SMITH Properties $JBGS

Quantinno Capital Management LP decreased its position in shares of JBG SMITH Properties (NYSE:JBGS) by 14.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,889 shares of the company’s stock after selling 48,736 shares during the period. Quantinno Capital Management LP owned about 0.48% of JBG SMITH Properties worth $4,089,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JBGS. Caitong International Asset Management Co. Ltd increased its stake in JBG SMITH Properties by 151.8% during the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock worth $36,000 after purchasing an additional 987 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of JBG SMITH Properties by 51.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,244 shares of the company’s stock valued at $38,000 after purchasing an additional 765 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of JBG SMITH Properties in the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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. Finally, Royal Bank of Canada grew its holdings in shares of JBG SMITH Properties by 20.6% in the fourth quarter. Royal Bank of Canada now owns 4,908 shares of the company’s stock valued at $84,000 after purchasing an additional 837 shares in the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Trading Up 0.2%

Shares of JBG SMITH Properties stock opened at $12.16 on Friday. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 2.22. The company has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $15.04. The stock has a market cap of $708.44 million, a price-to-earnings ratio of -6.50 and a beta of 1.07. JBG SMITH Properties has a 12-month low of $11.32 and a 12-month high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.32) EPS for the quarter. JBG SMITH Properties had a negative return on equity of 9.32% and a negative net margin of 22.16%.The company had revenue of $127.60 million for the quarter.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.175 per share. The ex-dividend date is Thursday, August 13th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.8%. JBG SMITH Properties’s payout ratio is -37.43%.

Insider Buying and Selling at JBG SMITH Properties

In other news, insider Steven A. Museles sold 20,010 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was 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 approximately $180,600.32. The trade was a 62.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

JBGS has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Capital One Financial set a $13.00 price target on shares of JBG SMITH Properties in a research note on Tuesday. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday. Three analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Strong Sell” and a consensus price target of $16.67.

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.