Marnell Management LLC Makes New Investment in JBG SMITH Properties $JBGS

Marnell Management LLC purchased a new position in shares of JBG SMITH Properties (NYSE:JBGS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 385,463 shares of the company’s stock, valued at approximately $6,557,000. JBG SMITH Properties accounts for about 3.2% of Marnell Management LLC’s investment portfolio, making the stock its 2nd largest position.

Other large investors also recently bought and sold shares of the company. Jefferies Financial Group Inc. purchased a new position in JBG SMITH Properties during the third quarter worth approximately $1,946,000. SG Americas Securities LLC raised its stake in JBG SMITH Properties by 7,444.7% during the fourth quarter. SG Americas Securities LLC now owns 382,971 shares of the company’s stock worth $6,514,000 after purchasing an additional 377,895 shares during the period. Picton Mahoney Asset Management purchased a new position in JBG SMITH Properties during the third quarter worth approximately $789,000. Jupiter Asset Management Ltd. purchased a new position in JBG SMITH Properties during the fourth quarter worth approximately $1,364,000. Finally, Intech Investment Management LLC raised its stake in shares of JBG SMITH Properties by 357.2% in the 4th quarter. Intech Investment Management LLC now owns 134,649 shares of the company’s stock valued at $2,290,000 after acquiring an additional 105,201 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell” and a consensus price target of $18.50.

Insiders Place Their Bets

In related news, insider Steven A. Museles sold 20,010 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction 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. This trade represents 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.

JBG SMITH Properties Stock Performance

Shares of JBGS stock opened at $14.67 on Monday. The company’s fifty day simple moving average is $14.88 and its 200-day simple moving average is $15.89. JBG SMITH Properties has a 52 week low of $13.99 and a 52 week high of $24.30. 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 market cap of $854.67 million, a PE ratio of -7.84 and a beta of 1.08.

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

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, May 14th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -37.43%.

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.