Legal & General Group Plc Makes New $4.89 Million Investment in JBG SMITH Properties $JBGS

Legal & General Group Plc bought a new position in JBG SMITH Properties (NYSE:JBGS) in the second quarter, Holdings Channel.com reports. The firm bought 333,564 shares of the company’s stock, valued at approximately $4,893,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in JBG SMITH Properties during the 2nd quarter worth approximately $164,185,000. Morgan Stanley boosted its position in JBG SMITH Properties by 56.5% in the fourth quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock valued at $57,428,000 after buying an additional 1,218,460 shares in the last quarter. Long Pond Capital LP boosted its position in JBG SMITH Properties by 28.4% in the fourth quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock valued at $70,547,000 after buying an additional 918,505 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of JBG SMITH Properties during the third quarter worth $15,125,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of JBG SMITH Properties by 554.4% during 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 last quarter. 98.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JBGS has been the topic of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Monday, June 8th. BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Capital One Financial set a $13.00 target price on JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Wall Street Zen downgraded shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Three analysts have rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Strong Sell” and a consensus target price of $16.67.

Insider Transactions at JBG SMITH Properties

In other JBG SMITH Properties news, insider Steven Museles sold 20,010 shares of the firm’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 completion of the sale, the insider owned 12,032 shares of the company’s stock, valued at approximately $180,600.32. This trade represents a 62.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.90% of the company’s stock.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS opened at $11.77 on Friday. The firm’s 50-day moving average price is $13.45 and its 200-day moving average price is $14.39. JBG SMITH Properties has a 1-year low of $10.77 and a 1-year high of $24.30. The firm has a market capitalization of $689.49 million, a P/E ratio of -4.51 and a beta of 1.07. The company has a current ratio of 4.89, a quick ratio of 4.89 and a debt-to-equity ratio of 2.35.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio is -26.82%.

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.