Private Management Group Inc. Sells 182,462 Shares of JBG SMITH Properties (NYSE:JBGS)

Private Management Group Inc. lessened its position in JBG SMITH Properties (NYSE:JBGS) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,720,539 shares of the company’s stock after selling 182,462 shares during the period. Private Management Group Inc. owned about 2.04% of JBG SMITH Properties worth $26,445,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in JBG SMITH Properties by 706.3% in the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after acquiring an additional 1,674 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock worth $57,000 after purchasing an additional 753 shares during the last quarter. KBC Group NV lifted its holdings in shares of JBG SMITH Properties by 64.9% during the fourth quarter. KBC Group NV now owns 5,677 shares of the company’s stock valued at $87,000 after purchasing an additional 2,234 shares in the last quarter. Wolverine Trading LLC bought a new position in shares of JBG SMITH Properties during the third quarter valued at $239,000. Finally, Verition Fund Management LLC purchased a new stake in shares of JBG SMITH Properties during the third quarter valued at $268,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Trading Down 2.0 %

NYSE:JBGS opened at $15.01 on Thursday. The company has a market cap of $1.27 billion, a PE ratio of -11.54 and a beta of 1.11. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. The company has a 50 day simple moving average of $15.63 and a two-hundred day simple moving average of $16.63. JBG SMITH Properties has a 12 month low of $13.65 and a 12 month high of $18.86.

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, December 30th. JBG SMITH Properties’s payout ratio is currently -53.85%.

Analysts Set New Price Targets

Separately, BMO Capital Markets lowered JBG SMITH Properties from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $18.00 to $15.00 in a research report on Tuesday, December 3rd.

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.