JBG SMITH Properties $JBGS Stake Cut by Carmel Capital Partners LLC

Carmel Capital Partners LLC cut its position in shares of JBG SMITH Properties (NYSE:JBGS) by 53.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,577 shares of the company’s stock after selling 14,333 shares during the quarter. Carmel Capital Partners LLC’s holdings in JBG SMITH Properties were worth $218,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in JBGS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in JBG SMITH Properties by 554.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock worth $10,847,000 after buying an additional 570,428 shares during the period. Nuveen LLC acquired a new stake in JBG SMITH Properties in the first quarter worth $4,364,000. Victory Capital Management Inc. increased its position in JBG SMITH Properties by 167.7% in the first quarter. Victory Capital Management Inc. now owns 255,604 shares of the company’s stock worth $4,118,000 after buying an additional 160,132 shares during the period. Allianz Asset Management GmbH increased its position in JBG SMITH Properties by 50.4% in the first quarter. Allianz Asset Management GmbH now owns 404,137 shares of the company’s stock worth $6,511,000 after buying an additional 135,440 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in JBG SMITH Properties by 3.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,298,745 shares of the company’s stock worth $37,033,000 after buying an additional 78,737 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

JBG SMITH Properties Price Performance

Shares of JBGS opened at $20.40 on Friday. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of -10.79 and a beta of 1.35. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. JBG SMITH Properties has a one year low of $13.28 and a one year high of $24.30. The stock’s fifty day moving average is $21.64 and its 200-day moving average is $18.62.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.73. The company had revenue of $126.48 million for the quarter, compared to analyst estimates of $116.76 million. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 21st. Investors of record on Thursday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, August 7th. JBG SMITH Properties’s payout ratio is presently -37.04%.

Insider Transactions at JBG SMITH Properties

In related news, CAO Angela Valdes sold 10,098 shares of JBG SMITH Properties stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.53, for a total transaction of $217,409.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CIO George Laucks Xanders sold 5,600 shares of JBG SMITH Properties stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.57, for a total value of $120,792.00. Following the transaction, the executive directly owned 2,750 shares in the company, valued at approximately $59,317.50. The trade was a 67.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,457 shares of company stock valued at $661,800 in the last three months. 4.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JBGS. Weiss Ratings reaffirmed a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Wednesday, October 8th. Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd. New Street Research set a $19.00 price target on JBG SMITH Properties in a report on Thursday, October 9th. Finally, Evercore ISI lowered their price target on JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a report on Thursday, October 9th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Strong Sell” and an average target price of $17.67.

About JBG SMITH Properties

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.