Principal Financial Group Inc. Sells 5,414 Shares of JBG SMITH Properties (NYSE:JBGS)

Principal Financial Group Inc. lowered its position in JBG SMITH Properties (NYSE:JBGS) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 407,628 shares of the company’s stock after selling 5,414 shares during the quarter. Principal Financial Group Inc. owned 0.46% of JBG SMITH Properties worth $7,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its stake in JBG SMITH Properties by 0.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 121,480 shares of the company’s stock worth $2,123,000 after buying an additional 680 shares during the period. Van ECK Associates Corp increased its position in shares of JBG SMITH Properties by 4.7% during the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after buying an additional 702 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in JBG SMITH Properties by 30.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after buying an additional 753 shares during the period. Inspire Investing LLC grew its position in JBG SMITH Properties by 4.2% in the second quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock worth $354,000 after acquiring an additional 937 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of JBG SMITH Properties by 5.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company’s stock valued at $368,000 after purchasing an additional 1,021 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analyst Ratings Changes

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

JBG SMITH Properties Trading Up 1.2 %

JBGS stock opened at $15.09 on Wednesday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -11.47 and a beta of 1.10. The business has a 50 day simple moving average of $17.51 and a two-hundred day simple moving average of $16.35. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.87 and a quick ratio of 3.87. JBG SMITH Properties has a 1-year low of $13.03 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. The business 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio (DPR) is -53.85%.

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.