Barclays PLC reduced its position in shares of JBG SMITH Properties (NYSE:JBGS – Free Report) by 22.2% in the third quarter, Holdings Channel reports. The fund owned 142,409 shares of the company’s stock after selling 40,642 shares during the quarter. Barclays PLC’s holdings in JBG SMITH Properties were worth $2,489,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio lifted its holdings in shares of JBG SMITH Properties by 4.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 126,812 shares of the company’s stock valued at $2,217,000 after acquiring an additional 5,043 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of JBG SMITH Properties by 3.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 111,200 shares of the company’s stock valued at $1,944,000 after purchasing an additional 3,300 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of JBG SMITH Properties by 33.4% in the 3rd quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock worth $6,275,000 after purchasing an additional 89,812 shares during the period. Wolverine Trading LLC bought a new position in shares of JBG SMITH Properties during the 3rd quarter valued at approximately $239,000. Finally, Quantinno Capital Management LP raised its holdings in JBG SMITH Properties by 105.8% during the 3rd quarter. Quantinno Capital Management LP now owns 70,823 shares of the company’s stock valued at $1,238,000 after buying an additional 36,412 shares during the period. 98.46% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
JBGS has been the subject of several recent analyst reports. Evercore ISI lifted their price objective on shares of 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 downgraded shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and cut their price target for the company from $18.00 to $15.00 in a report on Tuesday, December 3rd.
JBG SMITH Properties Price Performance
Shares of JBGS stock opened at $15.58 on Thursday. The stock has a 50 day moving average price of $16.68 and a 200 day moving average price of $16.66. JBG SMITH Properties has a 52-week low of $13.65 and a 52-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 firm has a market capitalization of $1.32 billion, a P/E ratio of -11.98 and a beta of 1.10.
JBG SMITH Properties (NYSE:JBGS – Get Free Report) last released its earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate of ($0.35) by $0.03. The business 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 will be paid on Tuesday, January 14th. Investors of record on Monday, December 30th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.49%. JBG SMITH Properties’s payout ratio is -53.85%.
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.
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