BNP Paribas Financial Markets Sells 19,347 Shares of JBG SMITH Properties (NYSE:JBGS)

BNP Paribas Financial Markets decreased its position in shares of JBG SMITH Properties (NYSE:JBGS) by 51.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,545 shares of the company’s stock after selling 19,347 shares during the quarter. BNP Paribas Financial Markets’ holdings in JBG SMITH Properties were worth $324,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Citigroup Inc. raised its holdings in JBG SMITH Properties by 1.1% during the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock worth $51,115,000 after buying an additional 32,027 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of JBG SMITH Properties by 5.1% during the 3rd 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. Quest Partners LLC raised its holdings in shares of JBG SMITH Properties by 1,003.3% in the second quarter. Quest Partners LLC now owns 159,665 shares of the company’s stock valued at $2,432,000 after purchasing an additional 145,194 shares during the last quarter. Wolverine Asset Management LLC lifted its position in shares of JBG SMITH Properties by 678.7% in the second quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock worth $2,008,000 after purchasing an additional 114,891 shares in the last quarter. Finally, Meixler Investment Management Ltd. acquired a new position in JBG SMITH Properties during the third quarter worth $518,000. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Evercore ISI lifted their price target 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. BMO Capital Markets downgraded JBG SMITH Properties from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $18.00 to $15.00 in a research report on Tuesday, December 3rd.

JBG SMITH Properties Trading Up 0.4 %

Shares of JBG SMITH Properties stock opened at $16.31 on Monday. The stock has a market cap of $1.38 billion, a P/E ratio of -12.55 and a beta of 1.10. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38. JBG SMITH Properties has a 12-month low of $13.65 and a 12-month high of $18.86. The business’s 50 day moving average is $16.94 and its 200-day moving average is $16.60.

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

JBG SMITH Properties Dividend Announcement

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