Amalgamated Bank Lowers Stock Holdings in JBG SMITH Properties (NYSE:JBGS)

Amalgamated Bank lessened its stake in JBG SMITH Properties (NYSE:JBGS) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,015 shares of the company’s stock after selling 2,190 shares during the period. Amalgamated Bank’s holdings in JBG SMITH Properties were worth $396,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. raised 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 valued at $30,000 after buying an additional 1,000 shares in the last quarter. Bfsg LLC lifted its stake in shares of JBG SMITH Properties by 9.5% during the second quarter. Bfsg LLC now owns 12,655 shares of the company’s stock worth $193,000 after buying an additional 1,102 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of JBG SMITH Properties by 6.8% during the first quarter. Daiwa Securities Group Inc. now owns 28,323 shares of the company’s stock worth $455,000 after buying an additional 1,815 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of JBG SMITH Properties by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 74,311 shares of the company’s stock worth $1,193,000 after purchasing an additional 1,824 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in shares of JBG SMITH Properties by 5.6% during the fourth quarter. Hsbc Holdings PLC now owns 61,263 shares of the company’s stock worth $1,042,000 after purchasing an additional 3,270 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI boosted their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th.

JBG SMITH Properties Price Performance

Shares of JBGS opened at $17.55 on Monday. JBG SMITH Properties has a fifty-two week low of $12.63 and a fifty-two week high of $18.86. The firm’s 50 day moving average price is $17.20 and its 200 day moving average price is $15.91. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.29. The company has a market cap of $1.55 billion, a P/E ratio of -12.63 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last issued its earnings results 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. JBG SMITH Properties had a negative net margin of 25.40% and a negative return on equity of 6.64%. The business had revenue of $135.32 million during the quarter.

JBG SMITH Properties Announces Dividend

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

JBG SMITH Properties 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.