Fmr LLC Has $287,000 Position in JBG SMITH Properties (NYSE:JBGS)

Fmr LLC raised its stake in JBG SMITH Properties (NYSE:JBGS) by 158.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,404 shares of the company’s stock after buying an additional 10,057 shares during the period. Fmr LLC’s holdings in JBG SMITH Properties were worth $287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in JBG SMITH Properties by 706.3% during the third quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock worth $33,000 after buying an additional 1,674 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of JBG SMITH Properties by 30.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock worth $57,000 after acquiring an additional 753 shares in the last quarter. Bfsg LLC lifted its stake in shares of JBG SMITH Properties by 9.5% in the 2nd quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after purchasing an additional 1,102 shares during the period. Van ECK Associates Corp boosted its position in shares of JBG SMITH Properties by 4.7% during the 3rd quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after purchasing an additional 702 shares in the last quarter. Finally, Inspire Investing LLC increased its holdings 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 purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analysts Set New Price Targets

JBGS has been the subject of several research analyst reports. Evercore ISI lifted their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. 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 stock from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Price Performance

JBGS stock opened at $15.36 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. The business has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $16.62. The company has a market capitalization of $1.30 billion, a P/E ratio of -11.82 and a beta of 1.10. JBG SMITH Properties has a 52-week low of $13.65 and a 52-week high of $18.86.

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

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Monday, December 30th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 4.56%. The ex-dividend date is Monday, December 30th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -53.85%.

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.