Vanguard Group Inc. Lowers Stock Position in JBG SMITH Properties $JBGS

Vanguard Group Inc. lessened its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 9.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,328,944 shares of the company’s stock after selling 924,027 shares during the quarter. Vanguard Group Inc. owned approximately 0.16% of JBG SMITH Properties worth $158,685,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Vert Asset Management LLC boosted its stake in JBG SMITH Properties by 3.2% during the fourth quarter. Vert Asset Management LLC now owns 32,071 shares of the company’s stock worth $546,000 after buying an additional 997 shares during the period. SG Americas Securities LLC boosted its stake in shares of JBG SMITH Properties by 7,444.7% in the fourth quarter. SG Americas Securities LLC now owns 382,971 shares of the company’s stock valued at $6,514,000 after purchasing an additional 377,895 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of JBG SMITH Properties by 151.8% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock valued at $36,000 after purchasing an additional 987 shares during the period. Caxton Associates LLP purchased a new position in shares of JBG SMITH Properties in the third quarter valued at approximately $1,042,000. Finally, Millennium Management LLC boosted its stake in shares of JBG SMITH Properties by 263.3% in the third quarter. Millennium Management LLC now owns 535,496 shares of the company’s stock valued at $11,915,000 after purchasing an additional 388,113 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Performance

NYSE:JBGS opened at $15.55 on Monday. The firm’s fifty day moving average price is $15.02 and its 200 day moving average price is $16.71. The company has a debt-to-equity ratio of 2.22, a current ratio of 4.53 and a quick ratio of 4.53. The firm has a market cap of $905.71 million, a price-to-earnings ratio of -8.31 and a beta of 1.09. JBG SMITH Properties has a 1-year low of $14.03 and a 1-year high of $24.30.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.32) earnings per share (EPS) for the quarter. The company had revenue of $127.60 million during the quarter. JBG SMITH Properties had a negative net margin of 22.16% and a negative return on equity of 9.32%.

JBG SMITH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.5%. JBG SMITH Properties’s dividend payout ratio is currently -37.43%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties currently has a consensus rating of “Sell” and an average target price of $18.50.

About JBG SMITH Properties

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.