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

Defense World · Sep 25, 2022 04:41

Amalgamated Bank trimmed its position in shares of JBG SMITH Properties (NYSE:JBGS – Get Rating) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 80,398 shares of the company's stock after selling 3,023 shares during the quarter. Amalgamated Bank's holdings in JBG SMITH Properties were worth $2,349,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. abrdn plc lifted its position in shares of JBG SMITH Properties by 1.9% during the first quarter. abrdn plc now owns 27,286 shares of the company's stock valued at $799,000 after buying an additional 496 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of JBG SMITH Properties by 1.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 29,900 shares of the company's stock valued at $830,000 after purchasing an additional 500 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of JBG SMITH Properties by 26.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,762 shares of the company's stock valued at $79,000 after purchasing an additional 574 shares during the last quarter. Comerica Bank raised its position in shares of JBG SMITH Properties by 1.2% in the 1st quarter. Comerica Bank now owns 53,488 shares of the company's stock valued at $1,485,000 after purchasing an additional 609 shares during the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of JBG SMITH Properties by 1.1% in the 1st quarter. Yousif Capital Management LLC now owns 61,597 shares of the company's stock valued at $1,800,000 after purchasing an additional 655 shares during the last quarter. 85.15% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

JBGS has been the subject of several research analyst reports. Evercore ISI decreased their price objective on shares of JBG SMITH Properties from $26.00 to $25.00 and set an "in-line" rating for the company in a research report on Monday, September 19th. BMO Capital Markets lowered shares of JBG SMITH Properties from an "outperform" rating to a "market perform" rating and decreased their price objective for the company from $38.00 to $30.00 in a research report on Tuesday, May 31st.

Insider Buying and Selling

In related news, insider David Peter Paul sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $23.92, for a total value of $119,600.00. Following the transaction, the insider now owns 24,619 shares in the company, valued at approximately $588,886.48. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, insider David Peter Paul sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $23.92, for a total value of $119,600.00. Following the transaction, the insider now owns 24,619 shares in the company, valued at approximately $588,886.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Madhumita Moina Banerjee sold 26,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $23.95, for a total transaction of $622,700.00. Following the sale, the chief financial officer now directly owns 4,000 shares in the company, valued at approximately $95,800. The disclosure for this sale can be found here. In the last quarter, insiders have sold 75,847 shares of company stock worth $1,814,787. 6.08% of the stock is owned by company insiders.

JBG SMITH Properties Price Performance

Shares of NYSE:JBGS opened at $19.69 on Friday. JBG SMITH Properties has a twelve month low of $19.31 and a twelve month high of $31.09. The company's 50 day moving average is $23.12 and its 200 day moving average is $25.12. The company has a current ratio of 5.11, a quick ratio of 5.11 and a debt-to-equity ratio of 0.71. The company has a market cap of $2.25 billion, a PE ratio of 34.54 and a beta of 0.89.

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 12th were issued a $0.225 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.90 annualized dividend and a yield of 4.57%. JBG SMITH Properties's dividend payout ratio (DPR) is presently 157.90%.

JBG SMITH Properties Profile

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JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.