JBG SMITH Properties (NYSE:JBGS) Stock Position Lowered by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of JBG SMITH Properties (NYSE:JBGS) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,935 shares of the company’s stock after selling 1,492 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of JBG SMITH Properties worth $1,188,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Private Management Group Inc. boosted its position in shares of JBG SMITH Properties by 28.8% during the 2nd quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock valued at $30,859,000 after purchasing an additional 452,901 shares in the last quarter. Quest Partners LLC boosted its holdings in JBG SMITH Properties by 1,003.3% during the second quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock worth $2,432,000 after buying an additional 145,194 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in JBG SMITH Properties by 6.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock worth $35,941,000 after buying an additional 141,802 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of JBG SMITH Properties by 1,178.0% in the second quarter. SG Americas Securities LLC now owns 152,496 shares of the company’s stock valued at $2,323,000 after buying an additional 140,564 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its position in shares of JBG SMITH Properties by 678.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock valued at $2,008,000 after acquiring an additional 114,891 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Evercore ISI lifted their target price on 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 Trading Up 2.0 %

Shares of JBGS opened at $17.09 on Monday. The business’s 50-day moving average price is $17.20 and its 200 day moving average price is $16.46. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. The stock has a market capitalization of $1.44 billion, a P/E ratio of -13.15 and a beta of 1.10. JBG SMITH Properties has a 1-year low of $13.61 and a 1-year high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.03. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%. The business had revenue of $136.03 million for the quarter.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a $0.175 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.10%. JBG SMITH Properties’s payout ratio is currently -53.85%.

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.