Wolverine Trading LLC Invests $239,000 in JBG SMITH Properties (NYSE:JBGS)

Wolverine Trading LLC purchased a new position in JBG SMITH Properties (NYSE:JBGS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,593 shares of the company’s stock, valued at approximately $239,000.

Several other institutional investors also recently added to or reduced their stakes in JBGS. Quantinno Capital Management LP boosted its stake in JBG SMITH Properties by 105.8% in the third quarter. Quantinno Capital Management LP now owns 70,823 shares of the company’s stock valued at $1,238,000 after acquiring an additional 36,412 shares during the last quarter. ClearAlpha Technologies LP bought a new stake in shares of JBG SMITH Properties in the 3rd quarter worth approximately $495,000. Paloma Partners Management Co purchased a new position in JBG SMITH Properties in the third quarter valued at approximately $314,000. Verition Fund Management LLC bought a new position in JBG SMITH Properties during the third quarter valued at $268,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in JBG SMITH Properties by 430.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock worth $10,712,000 after buying an additional 497,288 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

JBGS has been the topic of a number of recent research reports. BMO Capital Markets cut JBG SMITH Properties from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $15.00 in a research report on Tuesday, December 3rd. Evercore ISI upped their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, September 16th.

JBG SMITH Properties Trading Up 0.4 %

Shares of JBGS stock opened at $16.31 on Monday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -12.55 and a beta of 1.10. The company’s fifty day simple moving average is $16.94 and its two-hundred day simple moving average is $16.60. 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 announced 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 return on equity of 5.56% and a negative net margin of 20.60%.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date was Thursday, November 7th. JBG SMITH Properties’s payout ratio is -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.