JPMorgan Chase & Co. Reduces Stock Position in JBG SMITH Properties (NYSE:JBGS)

JPMorgan Chase & Co. reduced its position in JBG SMITH Properties (NYSE:JBGS) by 15.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 658,292 shares of the company’s stock after selling 116,236 shares during the quarter. JPMorgan Chase & Co. owned about 0.78% of JBG SMITH Properties worth $11,507,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its position in shares of JBG SMITH Properties by 26.0% during the 2nd quarter. Victory Capital Management Inc. now owns 65,968 shares of the company’s stock valued at $1,005,000 after acquiring an additional 13,613 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of JBG SMITH Properties during the 2nd quarter worth $475,000. Thompson Siegel & Walmsley LLC increased its position in shares of JBG SMITH Properties by 6.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock valued at $35,941,000 after purchasing an additional 141,802 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of JBG SMITH Properties by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock valued at $19,733,000 after purchasing an additional 9,581 shares in the last quarter. Finally, XTX Topco Ltd grew its stake in shares of JBG SMITH Properties by 128.1% during the second quarter. XTX Topco Ltd now owns 34,040 shares of the company’s stock valued at $518,000 after buying an additional 19,117 shares during the last quarter. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

JBG SMITH Properties Stock Down 4.4 %

Shares of JBG SMITH Properties stock opened at $14.29 on Monday. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.87 and a quick ratio of 3.87. The company has a 50-day moving average of $15.95 and a 200 day moving average of $16.71. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -10.99 and a beta of 1.11.

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

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend is Monday, December 30th. JBG SMITH Properties’s payout ratio is currently -53.85%.

Wall Street Analyst Weigh In

JBGS has been the subject of several analyst reports. Evercore ISI increased their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, September 16th. BMO Capital Markets cut JBG SMITH Properties from a “market perform” rating to an “underperform” rating and reduced their target price for the company from $18.00 to $15.00 in a research note on Tuesday, December 3rd.

JBG SMITH Properties Company 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.