Mitsubishi UFJ Asset Management Co. Ltd. Takes $751,000 Position in JBG SMITH Properties $JBGS

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of JBG SMITH Properties (NYSE:JBGS) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 51,209 shares of the company’s stock, valued at approximately $751,000.

Other institutional investors have also bought and sold shares of the company. Long Pond Capital LP raised its position in JBG SMITH Properties by 28.4% in the 4th quarter. Long Pond Capital LP now owns 4,147,399 shares of the company’s stock valued at $70,547,000 after buying an additional 918,505 shares during the last quarter. Morgan Stanley grew its stake in shares of JBG SMITH Properties by 56.5% in the 4th quarter. Morgan Stanley now owns 3,376,120 shares of the company’s stock worth $57,428,000 after acquiring an additional 1,218,460 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of JBG SMITH Properties in the third quarter valued at about $15,125,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted 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. Finally, Bank of America Corp DE boosted its holdings in JBG SMITH Properties by 17.0% during the third quarter. Bank of America Corp DE now owns 663,341 shares of the company’s stock worth $14,759,000 after purchasing an additional 96,331 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Trading Up 1.1%

Shares of JBGS stock opened at $12.50 on Friday. The company has a quick ratio of 4.89, a current ratio of 4.89 and a debt-to-equity ratio of 2.35. The firm has a market cap of $732.25 million, a P/E ratio of -4.79 and a beta of 1.07. The company has a 50 day moving average of $13.83 and a 200-day moving average of $14.67. JBG SMITH Properties has a 12-month low of $10.77 and a 12-month high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings data on Monday, August 10th. The company reported ($1.03) EPS for the quarter. JBG SMITH Properties had a negative net margin of 29.89% and a negative return on equity of 13.31%. The firm had revenue of $129.38 million during the quarter.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Thursday, August 13th. JBG SMITH Properties’s dividend payout ratio is currently -26.82%.

Wall Street Analyst Weigh In

JBGS has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of JBG SMITH Properties in a research note on Monday, June 8th. BMO Capital Markets restated an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Capital One Financial set a $13.00 target price on JBG SMITH Properties in a report on Tuesday, August 4th. Finally, Wall Street Zen raised JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Strong Sell” and a consensus price target of $16.67.

Insider Activity at JBG SMITH Properties

In other news, insider Steven A. Museles sold 20,010 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $15.01, for a total transaction of $300,350.10. Following the completion of the transaction, the insider owned 12,032 shares in the company, valued at approximately $180,600.32. This represents a 62.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.90% of the stock is owned by corporate insiders.

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.