Wall Street Zen cut shares of JBG SMITH Properties (NYSE:JBGS – Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
JBGS has been the topic of a number of other research reports. BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a report on Tuesday, August 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. Finally, Capital One Financial set a $13.00 price target on JBG SMITH Properties in a report on Tuesday, August 4th. Three analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus target price of $16.67.
Check Out Our Latest Report on JBGS
JBG SMITH Properties Trading Down 0.1%
JBG SMITH Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Thursday, August 13th were paid a $0.175 dividend. The ex-dividend date was Thursday, August 13th. This represents a $0.70 annualized dividend and a dividend yield of 5.8%. JBG SMITH Properties’s dividend payout ratio (DPR) is -26.82%.
Insider Activity at JBG SMITH Properties
In related news, insider Steven A. Museles sold 20,010 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $15.01, for a total transaction of $300,350.10. Following the sale, the insider owned 12,032 shares of the company’s stock, valued at approximately $180,600.32. The trade was a 62.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in JBGS. Royal Bank of Canada boosted its stake in shares of JBG SMITH Properties by 32.1% during the 1st quarter. Royal Bank of Canada now owns 31,940 shares of the company’s stock worth $515,000 after acquiring an additional 7,759 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of JBG SMITH Properties in the 1st quarter worth approximately $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in JBG SMITH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company’s stock valued at $781,000 after purchasing an additional 2,118 shares in the last quarter. Empowered Funds LLC increased its stake in JBG SMITH Properties by 12.8% in the 1st quarter. Empowered Funds LLC now owns 17,555 shares of the company’s stock valued at $283,000 after purchasing an additional 1,998 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in 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 purchasing an additional 570,428 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.
JBG SMITH Properties Company Profile
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.
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