Quantinno Capital Management LP Trims Holdings in JBG SMITH Properties $JBGS

Quantinno Capital Management LP lowered its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 14.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,889 shares of the company’s stock after selling 48,736 shares during the period. Quantinno Capital Management LP’s holdings in JBG SMITH Properties were worth $4,089,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in shares of JBG SMITH Properties by 32.1% during the first quarter. Royal Bank of Canada now owns 31,940 shares of the company’s stock worth $515,000 after buying an additional 7,759 shares during the period. AQR Capital Management LLC acquired a new position in JBG SMITH Properties in the 1st quarter valued at about $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in JBG SMITH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company’s stock valued at $781,000 after acquiring an additional 2,118 shares during the period. Empowered Funds LLC raised its stake in JBG SMITH Properties by 12.8% during the 1st quarter. Empowered Funds LLC now owns 17,555 shares of the company’s stock valued at $283,000 after acquiring an additional 1,998 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in JBG SMITH Properties by 554.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock valued at $10,847,000 after acquiring an additional 570,428 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties Stock Up 0.2%

Shares of NYSE JBGS opened at $12.16 on Friday. The stock has a market capitalization of $708.44 million, a price-to-earnings ratio of -6.50 and a beta of 1.07. JBG SMITH Properties has a 52 week low of $11.32 and a 52 week high of $24.30. The firm has a 50-day moving average price of $14.41 and a 200 day moving average price of $15.04. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 2.22.

JBG SMITH Properties (NYSE:JBGS) last issued its earnings results on Tuesday, May 5th. The company reported ($0.32) earnings per share 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 declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $0.70 annualized dividend and a dividend yield of 5.8%. JBG SMITH Properties’s payout ratio is -37.43%.

Analyst Ratings Changes

Several brokerages have weighed in on JBGS. BMO Capital Markets reiterated an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JBG SMITH Properties in a report on Monday, June 8th. Capital One Financial set a $13.00 price objective on shares of JBG SMITH Properties in a research report on Tuesday. Finally, 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. Three analysts have rated the stock with a Sell rating, According to MarketBeat.com, JBG SMITH Properties currently has a consensus rating of “Strong Sell” and a consensus target price of $16.67.

Insider Buying and Selling at JBG SMITH Properties

In related news, insider Steven A. Museles sold 20,010 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $15.01, for a total value of $300,350.10. Following the sale, the insider owned 12,032 shares in the company, valued at $180,600.32. This represents a 62.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.90% of the stock is currently owned by corporate insiders.

JBG SMITH Properties Company 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.