JBG SMITH Properties (NYSE:JBGS) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 13.3% in the second quarter, Holdings Channel reports. The firm owned 82,143 shares of the company’s stock after selling 12,549 shares during the period. Hsbc Holdings PLC’s holdings in JBG SMITH Properties were worth $1,249,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brown Brothers Harriman & Co. increased its position in shares of JBG SMITH Properties by 127.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,786 shares of the company’s stock worth $30,000 after purchasing an additional 1,000 shares during the last quarter. Bfsg LLC boosted its holdings in JBG SMITH Properties by 9.5% during the 2nd quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after acquiring an additional 1,102 shares during the period. Daiwa Securities Group Inc. boosted its holdings in JBG SMITH Properties by 6.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 28,323 shares of the company’s stock valued at $455,000 after acquiring an additional 1,815 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in JBG SMITH Properties by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 74,311 shares of the company’s stock valued at $1,193,000 after acquiring an additional 1,824 shares during the period. Finally, Texas Permanent School Fund Corp boosted its holdings in JBG SMITH Properties by 8.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 76,218 shares of the company’s stock valued at $1,223,000 after acquiring an additional 6,197 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Performance

Shares of JBGS opened at $17.55 on Friday. The stock has a 50-day simple moving average of $17.18 and a 200-day simple moving average of $15.92. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 3.88. The stock has a market capitalization of $1.55 billion, a PE ratio of -12.63 and a beta of 1.10. JBG SMITH Properties has a 1 year low of $12.63 and a 1 year high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, July 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. The business had revenue of $135.32 million during the quarter. JBG SMITH Properties had a negative return on equity of 6.64% and a negative net margin of 25.40%.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend was Wednesday, August 7th. JBG SMITH Properties’s payout ratio is presently -50.36%.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, September 16th.

JBG SMITH Properties Company Profile

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.