JBG SMITH Properties (NYSE:JBGS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC decreased its position in JBG SMITH Properties (NYSE:JBGS) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,161,842 shares of the company’s stock after selling 29,378 shares during the quarter. Geode Capital Management LLC owned 2.56% of JBG SMITH Properties worth $37,795,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Citigroup Inc. increased its position 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 valued at $51,115,000 after purchasing an additional 32,027 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its stake in shares of JBG SMITH Properties by 6.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock worth $35,941,000 after purchasing an additional 141,802 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in JBG SMITH Properties by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock valued at $38,010,000 after buying an additional 105,384 shares during the last quarter. Private Management Group Inc. raised its stake 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in JBG SMITH Properties by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock worth $19,733,000 after buying an additional 9,581 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

Shares of JBGS opened at $15.58 on Wednesday. The firm has a fifty day moving average price of $16.73 and a 200 day moving average price of $16.66. The stock has a market cap of $1.32 billion, a PE ratio of -11.98 and a beta of 1.10. JBG SMITH Properties has a 1-year low of $13.65 and a 1-year high of $18.86. 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 (NYSE:JBGS) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The firm had revenue of $136.03 million for 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Monday, December 30th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Monday, December 30th. JBG SMITH Properties’s dividend payout ratio is currently -53.85%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets downgraded JBG SMITH Properties from a “market perform” rating to an “underperform” rating and dropped their price objective for the company from $18.00 to $15.00 in a report on Tuesday, December 3rd. Evercore ISI increased their price target 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.

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.