Daiwa Securities Group Inc. Sells 3,356 Shares of JBG SMITH Properties (NYSE:JBGS)

Daiwa Securities Group Inc. decreased its holdings in JBG SMITH Properties (NYSE:JBGS) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 26,508 shares of the company’s stock after selling 3,356 shares during the period. Daiwa Securities Group Inc.’s holdings in JBG SMITH Properties were worth $451,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Thompson Siegel & Walmsley LLC boosted its holdings in shares of JBG SMITH Properties by 0.7% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 3,085,937 shares of the company’s stock valued at $44,622,000 after acquiring an additional 20,058 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of JBG SMITH Properties by 4.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,924,235 shares of the company’s stock valued at $27,824,000 after acquiring an additional 87,645 shares in the last quarter. Private Management Group Inc. boosted its holdings in shares of JBG SMITH Properties by 6.1% during the 3rd quarter. Private Management Group Inc. now owns 1,655,877 shares of the company’s stock valued at $23,944,000 after acquiring an additional 95,325 shares in the last quarter. Wellington Management Group LLP acquired a new position in JBG SMITH Properties during the 3rd quarter worth about $16,385,000. Finally, UBS Group AG lifted its holdings in JBG SMITH Properties by 57.3% during the 3rd quarter. UBS Group AG now owns 1,029,631 shares of the company’s stock worth $14,888,000 after buying an additional 375,197 shares during the period. Institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI cut their target price on JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating on the stock in a report on Wednesday, April 10th.

JBG SMITH Properties Stock Up 0.3 %

Shares of JBGS opened at $15.14 on Friday. The company has a market capitalization of $1.39 billion, a PE ratio of -18.02 and a beta of 1.07. JBG SMITH Properties has a 12 month low of $12.63 and a 12 month high of $18.17. The stock’s 50-day moving average price is $16.07 and its two-hundred day moving average price is $15.64. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.14.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 4.63%. The ex-dividend date of this dividend is Thursday, May 9th. JBG SMITH Properties’s payout ratio is presently -83.33%.

About JBG SMITH Properties

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.