Thrivent Financial for Lutherans Cuts Stock Holdings in JBG SMITH Properties (NYSE:JBGS)

Thrivent Financial for Lutherans cut its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 3.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,297 shares of the company’s stock after selling 2,638 shares during the period. Thrivent Financial for Lutherans owned 0.08% of JBG SMITH Properties worth $1,004,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in JBG SMITH Properties in the third quarter valued at $400,000. Charles Schwab Investment Management Inc. lifted its stake in shares of 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 valued at $38,010,000 after purchasing an additional 105,384 shares in the last quarter. FMR LLC lifted its stake in shares of JBG SMITH Properties by 158.5% in the 3rd quarter. FMR LLC now owns 16,404 shares of the company’s stock valued at $287,000 after purchasing an additional 10,057 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in JBG SMITH Properties by 430.5% during 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 purchasing an additional 497,288 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in JBG SMITH Properties during the 3rd quarter worth approximately $268,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

JBG SMITH Properties Stock Down 1.0 %

Shares of NYSE JBGS opened at $15.96 on Wednesday. The stock has a fifty day moving average price of $15.23 and a 200 day moving average price of $16.14. The company has a current ratio of 3.73, a quick ratio of 3.87 and a debt-to-equity ratio of 1.42. JBG SMITH Properties has a 12-month low of $13.65 and a 12-month high of $18.86. The company has a market cap of $1.31 billion, a P/E ratio of -9.55 and a beta of 1.12.

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

JBG SMITH Properties Company 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.