Sumitomo Mitsui Trust Group Inc. Has $1.39 Million Stake in JBG SMITH Properties $JBGS

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 14.9% in the second quarter, Holdings Channel.com reports. The firm owned 80,221 shares of the company’s stock after selling 14,035 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in JBG SMITH Properties were worth $1,388,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JBGS. Teacher Retirement System of Texas acquired a new position in JBG SMITH Properties during the 1st quarter valued at about $189,000. Principal Financial Group Inc. grew its stake in shares of JBG SMITH Properties by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 420,525 shares of the company’s stock worth $6,775,000 after acquiring an additional 11,005 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of JBG SMITH Properties by 68.3% in the 1st quarter. Brown Advisory Inc. now owns 120,195 shares of the company’s stock worth $1,936,000 after acquiring an additional 48,796 shares in the last quarter. M&T Bank Corp bought a new stake in shares of JBG SMITH Properties in the 1st quarter worth $170,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new stake in shares of JBG SMITH Properties in the 1st quarter worth $415,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

JBGS has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Wednesday, October 8th. New Street Research set a $19.00 target price on shares of JBG SMITH Properties in a research note on Thursday, October 9th. Evercore ISI reduced their target price on shares of JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating for the company in a research note on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd. Three research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Strong Sell” and a consensus price target of $17.67.

Insider Buying and Selling at JBG SMITH Properties

In other JBG SMITH Properties news, insider Evan Regan-Levine sold 5,714 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $23.62, for a total transaction of $134,964.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CIO George Laucks Xanders sold 4,000 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $23.44, for a total transaction of $93,760.00. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,759 shares of company stock valued at $323,598 over the last three months. 4.40% of the stock is currently owned by insiders.

JBG SMITH Properties Trading Down 3.7%

NYSE:JBGS opened at $19.40 on Friday. The company has a current ratio of 3.67, a quick ratio of 3.54 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $1.20 billion, a PE ratio of -9.46 and a beta of 1.35. The firm’s 50 day moving average is $21.78 and its 200 day moving average is $19.00. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, October 28th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of ($0.49) by $0.64. The business had revenue of $123.87 million for the quarter, compared to the consensus estimate of $120.57 million. JBG SMITH Properties had a negative net margin of 30.57% and a negative return on equity of 10.41%.

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Thursday, November 6th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, November 6th. This represents a $0.70 annualized dividend and a yield of 3.6%. JBG SMITH Properties’s dividend payout ratio is -37.04%.

JBG SMITH Properties Company 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.