Private Management Group Inc. Reduces Stock Position in JBG SMITH Properties (NYSE:JBGS)

Private Management Group Inc. decreased its holdings in JBG SMITH Properties (NYSE:JBGS) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,579,343 shares of the company’s stock after selling 76,534 shares during the period. Private Management Group Inc.’s holdings in JBG SMITH Properties were worth $26,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in JBGS. Wellington Management Group LLP bought a new position in shares of JBG SMITH Properties in the third quarter worth about $16,385,000. UBS Group AG grew its stake in JBG SMITH Properties by 57.3% in the 3rd quarter. UBS Group AG now owns 1,029,631 shares of the company’s stock worth $14,888,000 after acquiring an additional 375,197 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of JBG SMITH Properties by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,924,235 shares of the company’s stock worth $27,824,000 after acquiring an additional 87,645 shares during the period. Illinois Municipal Retirement Fund bought a new stake in shares of JBG SMITH Properties during the third quarter valued at approximately $786,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of JBG SMITH Properties during the fourth quarter valued at approximately $742,000. 98.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Evercore ISI dropped their price objective on JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th.

JBG SMITH Properties Stock Up 1.7 %

Shares of JBG SMITH Properties stock traded up $0.25 during trading on Tuesday, hitting $15.15. 480,767 shares of the stock traded hands, compared to its average volume of 1,036,156. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $16.14 and its 200 day simple moving average is $15.64. The firm has a market cap of $1.39 billion, a P/E ratio of -18.04 and a beta of 1.07. JBG SMITH Properties has a 52-week low of $12.63 and a 52-week high of $18.17.

JBG SMITH Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date was Thursday, February 29th. JBG SMITH Properties’s dividend payout ratio (DPR) is -83.33%.

About JBG SMITH Properties

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.