Fmr LLC Increases Stake in JBG SMITH Properties (NYSE:JBGS)

Fmr LLC raised its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 158.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,404 shares of the company’s stock after purchasing an additional 10,057 shares during the quarter. Fmr LLC’s holdings in JBG SMITH Properties were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JBGS. Citigroup Inc. raised its position in shares of JBG SMITH Properties by 1.1% in the third quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after purchasing an additional 32,027 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of JBG SMITH Properties by 6.4% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock worth $35,941,000 after acquiring an additional 141,802 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of JBG SMITH Properties by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after acquiring an additional 105,384 shares in the last quarter. Private Management Group Inc. grew 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 purchasing an additional 452,901 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of JBG SMITH Properties by 0.7% during the 2nd 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 period. Institutional investors own 98.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on JBGS. Evercore ISI raised their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. BMO Capital Markets lowered shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $15.00 in a research report on Tuesday, December 3rd.

JBG SMITH Properties Stock Performance

JBG SMITH Properties stock opened at $15.36 on Friday. JBG SMITH Properties has a fifty-two week low of $13.65 and a fifty-two week high of $18.86. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. The stock has a market cap of $1.30 billion, a P/E ratio of -11.82 and a beta of 1.10. The firm’s fifty day moving average price is $16.77 and its 200-day moving average price is $16.62.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly 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 business had revenue of $136.03 million for the quarter.

JBG SMITH Properties Announces Dividend

The company 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 $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.56%. The ex-dividend date is Monday, December 30th. JBG SMITH Properties’s dividend payout ratio is currently -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.