DekaBank Deutsche Girozentrale Trims Stock Position in JBG SMITH Properties (NYSE:JBGS)

DekaBank Deutsche Girozentrale decreased its position in JBG SMITH Properties (NYSE:JBGS) by 4.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,520 shares of the company’s stock after selling 1,021 shares during the period. DekaBank Deutsche Girozentrale’s holdings in JBG SMITH Properties were worth $301,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in JBG SMITH Properties in the fourth quarter valued at $102,535,000. Private Management Group Inc. lifted its position in JBG SMITH Properties by 28.8% in the second quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock valued at $30,859,000 after buying an additional 452,901 shares during the last quarter. Wellington Management Group LLP boosted its stake in JBG SMITH Properties by 13.6% during the fourth quarter. Wellington Management Group LLP now owns 1,286,706 shares of the company’s stock worth $21,887,000 after buying an additional 153,552 shares during the period. CANADA LIFE ASSURANCE Co increased its position in shares of JBG SMITH Properties by 4.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 186,439 shares of the company’s stock valued at $2,988,000 after acquiring an additional 8,235 shares during the last quarter. Finally, Quest Partners LLC raised its stake in shares of JBG SMITH Properties by 1,003.3% in the 2nd quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock valued at $2,432,000 after acquiring an additional 145,194 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

JBGS stock opened at $18.05 on Friday. The business’s fifty day moving average price is $17.08 and its 200 day moving average price is $15.91. JBG SMITH Properties has a 12-month low of $12.63 and a 12-month high of $18.86. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29. The company has a market capitalization of $1.60 billion, a PE ratio of -12.99 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.14. The company had revenue of $135.32 million during the quarter. JBG SMITH Properties had a negative return on equity of 6.64% and a negative net margin of 25.40%.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.88%. The ex-dividend date of this dividend was Wednesday, August 7th. JBG SMITH Properties’s payout ratio is currently -50.36%.

Analysts Set New Price Targets

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

JBG SMITH Properties 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.