DekaBank Deutsche Girozentrale Decreases Stock Position in JBG SMITH Properties (NYSE:JBGS)

DekaBank Deutsche Girozentrale decreased its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 4.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 20,520 shares of the company’s stock after selling 1,021 shares during the period. DekaBank Deutsche Girozentrale’s holdings in JBG SMITH Properties were worth $301,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of JBG SMITH Properties during the fourth quarter worth about $102,535,000. Private Management Group Inc. grew its holdings in JBG SMITH Properties by 28.8% during the 2nd quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock worth $30,859,000 after acquiring an additional 452,901 shares in the last quarter. Wellington Management Group LLP increased its position in shares of JBG SMITH Properties by 13.6% in the 4th quarter. Wellington Management Group LLP now owns 1,286,706 shares of the company’s stock valued at $21,887,000 after purchasing an additional 153,552 shares during the last quarter. Quest Partners LLC raised its holdings in shares of JBG SMITH Properties by 1,003.3% in the 2nd 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 in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of JBG SMITH Properties by 1,178.0% during the 2nd quarter. SG Americas Securities LLC now owns 152,496 shares of the company’s stock worth $2,323,000 after purchasing an additional 140,564 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

JBGS stock opened at $18.05 on Friday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -12.99 and a beta of 1.10. JBG SMITH Properties has a fifty-two week low of $12.63 and a fifty-two week high of $18.86. The company has a quick ratio of 3.88, a current ratio of 3.88 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $17.08 and a 200 day moving average price of $15.91.

JBG SMITH Properties (NYSE:JBGS) last issued its earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. The business had revenue of $135.32 million during the quarter. JBG SMITH Properties had a negative net margin of 25.40% and a negative return on equity of 6.64%.

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Wednesday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.88%. The ex-dividend date of this dividend was Wednesday, August 7th. JBG SMITH Properties’s payout ratio is -50.36%.

Analysts Set New Price Targets

Separately, Evercore ISI increased their target price on 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 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.