Thrivent Financial for Lutherans Reduces Stock Position in JBG SMITH Properties (NYSE:JBGS)

Thrivent Financial for Lutherans reduced its position in shares of JBG SMITH Properties (NYSE:JBGS) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 69,427 shares of the company’s stock after selling 6,123 shares during the period. Thrivent Financial for Lutherans owned 0.08% of JBG SMITH Properties worth $1,057,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bfsg LLC boosted its holdings 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 purchasing an additional 1,102 shares during the period. Inspire Investing LLC lifted its holdings in JBG SMITH Properties by 4.2% in the second quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock worth $354,000 after buying an additional 937 shares during the period. Daiwa Securities Group Inc. lifted its holdings in JBG SMITH Properties by 6.8% in 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. Jupiter Asset Management Ltd. purchased a new stake in JBG SMITH Properties in the second quarter worth about $475,000. Finally, Quadrature Capital Ltd purchased a new stake in JBG SMITH Properties in the fourth quarter worth about $479,000. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

JBG SMITH Properties Stock Performance

Shares of JBGS opened at $17.68 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.88 and a quick ratio of 3.88. JBG SMITH Properties has a one year low of $12.63 and a one year high of $18.86. The company has a 50-day simple moving average of $17.30 and a two-hundred day simple moving average of $15.95. The firm has a market capitalization of $1.56 billion, a PE ratio of -12.72 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, August 7th. JBG SMITH Properties’s dividend payout ratio is -50.36%.

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.