Rhumbline Advisers Cuts Stake in JBG SMITH Properties (NYSE:JBGS)

Rhumbline Advisers lowered its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 1.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 280,263 shares of the company’s stock after selling 5,275 shares during the period. Rhumbline Advisers owned approximately 0.33% of JBG SMITH Properties worth $4,308,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JBGS. Citigroup Inc. lifted its stake in shares of JBG SMITH Properties by 1.1% in the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock worth $51,115,000 after purchasing an additional 32,027 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in JBG SMITH Properties by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after acquiring an additional 105,384 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in JBG SMITH Properties by 430.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock worth $10,712,000 after acquiring an additional 497,288 shares in the last quarter. Jane Street Group LLC increased its holdings in JBG SMITH Properties by 33.4% in the 3rd quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock worth $6,275,000 after acquiring an additional 89,812 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in JBG SMITH Properties by 4.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 126,812 shares of the company’s stock worth $2,217,000 after acquiring an additional 5,043 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Down 3.1 %

Shares of JBGS opened at $15.35 on Friday. The company has a market cap of $1.27 billion, a PE ratio of -9.19 and a beta of 1.11. The business has a fifty day moving average of $15.22 and a 200 day moving average of $16.46. JBG SMITH Properties has a 52-week low of $13.65 and a 52-week high of $18.86. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.52. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%. The business had revenue of $108.43 million during the quarter, compared to the consensus estimate of $116.31 million.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were issued a $0.175 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.70 annualized dividend and a dividend yield of 4.56%. JBG SMITH Properties’s payout ratio is currently -41.92%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets lowered shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.