Van ECK Associates Corp Acquires 702 Shares of JBG SMITH Properties (NYSE:JBGS)

Van ECK Associates Corp boosted its holdings in JBG SMITH Properties (NYSE:JBGS) by 4.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 15,588 shares of the company’s stock after purchasing an additional 702 shares during the quarter. Van ECK Associates Corp’s holdings in JBG SMITH Properties were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Thompson Siegel & Walmsley LLC lifted its holdings in shares of JBG SMITH Properties by 6.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock valued at $35,941,000 after purchasing an additional 141,802 shares in the last quarter. Private Management Group Inc. grew its stake in shares of JBG SMITH Properties by 28.8% in the 2nd quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock worth $30,859,000 after acquiring an additional 452,901 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of JBG SMITH Properties by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock valued at $19,733,000 after purchasing an additional 9,581 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in shares of JBG SMITH Properties by 7.1% in the second quarter. Public Sector Pension Investment Board now owns 191,192 shares of the company’s stock valued at $2,912,000 after purchasing an additional 12,690 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of JBG SMITH Properties by 4.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 186,439 shares of the company’s stock valued at $2,988,000 after purchasing an additional 8,235 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI increased 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.

JBG SMITH Properties Stock Performance

Shares of JBG SMITH Properties stock opened at $15.64 on Wednesday. The firm has a market capitalization of $1.32 billion, a P/E ratio of -12.85 and a beta of 1.10. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. The business’s fifty day simple moving average is $17.71 and its 200 day simple moving average is $16.34. JBG SMITH Properties has a 12 month low of $12.63 and a 12 month high of $18.86.

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

JBG SMITH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, November 7th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.48%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -53.85%.

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.