Private Management Group Inc. Has $33.26 Million Stake in JBG SMITH Properties (NYSE:JBGS)

Private Management Group Inc. decreased its position in shares of JBG SMITH Properties (NYSE:JBGS) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,903,001 shares of the company’s stock after selling 123,208 shares during the quarter. JBG SMITH Properties makes up approximately 1.2% of Private Management Group Inc.’s holdings, making the stock its 23rd largest holding. Private Management Group Inc.’s holdings in JBG SMITH Properties were worth $33,264,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of JBGS. Blue Trust Inc. boosted its stake in shares of JBG SMITH Properties by 706.3% in the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after purchasing an additional 1,674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake 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 buying an additional 753 shares during the last quarter. Bfsg LLC lifted its holdings in JBG SMITH Properties by 9.5% in the second quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after buying an additional 1,102 shares during the period. Inspire Investing LLC boosted its stake in JBG SMITH Properties by 4.2% in the second quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock valued at $354,000 after acquiring an additional 937 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in JBG SMITH Properties by 5.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company’s stock worth $368,000 after acquiring an additional 1,021 shares during the period. 98.46% of the stock is currently owned by institutional investors.

JBG SMITH Properties Trading Down 1.3 %

NYSE JBGS traded down $0.22 during trading on Friday, reaching $16.78. 389,026 shares of the stock traded hands, compared to its average volume of 882,625. JBG SMITH Properties has a fifty-two week low of $12.63 and a fifty-two week high of $18.86. The company has a quick ratio of 3.88, a current ratio of 3.87 and a debt-to-equity ratio of 1.38. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -12.91 and a beta of 1.10. The stock’s 50-day moving average price is $17.74 and its 200 day moving average price is $16.23.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.03. The company had revenue of $136.03 million during the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.70 annualized dividend and a yield of 4.17%. JBG SMITH Properties’s dividend payout ratio (DPR) is currently -53.85%.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th.

About JBG SMITH Properties

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.