State Street Corp Has $88.74 Million Stake in JBG SMITH Properties (NYSE:JBGS)

State Street Corp cut its position in JBG SMITH Properties (NYSE:JBGS) by 3.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,076,394 shares of the company’s stock after selling 172,970 shares during the quarter. State Street Corp owned about 0.06% of JBG SMITH Properties worth $88,735,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Bfsg LLC boosted its position in shares of JBG SMITH Properties by 9.5% in the second quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after acquiring an additional 1,102 shares during the period. Wolverine Asset Management LLC boosted its holdings in JBG SMITH Properties by 678.7% in the 2nd quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock valued at $2,008,000 after purchasing an additional 114,891 shares during the period. Victory Capital Management Inc. grew its position in shares of JBG SMITH Properties by 26.0% during the 2nd quarter. Victory Capital Management Inc. now owns 65,968 shares of the company’s stock worth $1,005,000 after purchasing an additional 13,613 shares in the last quarter. Quest Partners LLC increased its holdings in shares of JBG SMITH Properties by 1,003.3% during the second quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock worth $2,432,000 after purchasing an additional 145,194 shares during the period. Finally, Private Management Group Inc. raised its position in shares of 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. 98.46% of the stock is currently owned by institutional investors.

JBG SMITH Properties Stock Performance

NYSE JBGS opened at $16.61 on Tuesday. The firm’s 50 day simple moving average is $16.92 and its 200 day simple moving average is $16.62. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -12.78 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. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86.

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

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Monday, December 30th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 4.21%. JBG SMITH Properties’s payout ratio is -53.85%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JBGS. BMO Capital Markets downgraded JBG SMITH Properties from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $18.00 to $15.00 in a research report on Tuesday, December 3rd. Evercore ISI raised their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th.

JBG SMITH Properties Company 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.