Bank of New York Mellon Corp Sells 49,515 Shares of JBG SMITH Properties (NYSE:JBGS)

Bank of New York Mellon Corp cut its holdings in JBG SMITH Properties (NYSE:JBGS) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 749,182 shares of the company’s stock after selling 49,515 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.89% of JBG SMITH Properties worth $11,515,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JBGS. Citigroup Inc. raised its stake in JBG SMITH Properties by 1.1% during the third quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after buying an additional 32,027 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of JBG SMITH Properties by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock valued at $38,010,000 after acquiring an additional 105,384 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of JBG SMITH Properties by 430.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock worth $10,712,000 after purchasing an additional 497,288 shares during the last quarter. Principal Financial Group Inc. boosted its stake in JBG SMITH Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 409,520 shares of the company’s stock worth $6,294,000 after purchasing an additional 1,892 shares in the last quarter. Finally, Jane Street Group LLC grew its position in JBG SMITH Properties by 33.4% during the 3rd quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock valued at $6,275,000 after purchasing an additional 89,812 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors.

JBG SMITH Properties Stock Down 2.3 %

JBGS stock opened at $14.23 on Friday. The stock has a market capitalization of $1.17 billion, a P/E ratio of -8.52 and a beta of 1.12. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.73 and a quick ratio of 3.87. JBG SMITH Properties has a 1-year low of $13.65 and a 1-year high of $18.86. The business has a fifty day moving average price of $15.10 and a 200-day moving average price of $16.32.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.52. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The firm had revenue of $108.43 million during the quarter, compared to analysts’ expectations of $116.31 million.

JBG SMITH Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were issued a dividend of $0.175 per share. The ex-dividend date was Monday, December 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.92%. JBG SMITH Properties’s payout ratio is -41.92%.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets cut shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.