Millennium Management LLC Has $3.49 Million Stake in JBG SMITH Properties (NYSE:JBGS)

Millennium Management LLC lowered its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 6.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 228,948 shares of the company’s stock after selling 16,606 shares during the period. Millennium Management LLC owned approximately 0.26% of JBG SMITH Properties worth $3,487,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Caxton Associates LP raised its position in JBG SMITH Properties by 504.0% in the first quarter. Caxton Associates LP now owns 117,559 shares of the company’s stock worth $1,887,000 after purchasing an additional 98,096 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of JBG SMITH Properties by 313.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 131,869 shares of the company’s stock worth $1,986,000 after buying an additional 99,983 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of JBG SMITH Properties by 1,178.0% in the 2nd quarter. SG Americas Securities LLC now owns 152,496 shares of the company’s stock worth $2,323,000 after buying an additional 140,564 shares in the last quarter. Wolverine Asset Management LLC lifted its position in shares of JBG SMITH Properties by 678.7% during the 2nd quarter. Wolverine Asset Management LLC now owns 131,818 shares of the company’s stock worth $2,008,000 after buying an additional 114,891 shares during the period. Finally, Quest Partners LLC grew its position in 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 acquiring an additional 145,194 shares during the period. Institutional investors own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI lifted their price objective 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 Price Performance

Shares of JBG SMITH Properties stock opened at $17.50 on Monday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -12.59 and a beta of 1.10. JBG SMITH Properties has a 1-year low of $12.63 and a 1-year high of $18.86. The firm’s 50-day moving average price is $17.39 and its two-hundred day moving average price is $15.98. The company has a current ratio of 3.88, a quick ratio of 3.88 and a debt-to-equity ratio of 1.29.

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

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a $0.175 dividend. The ex-dividend date was Wednesday, August 7th. This represents a $0.70 annualized dividend and a yield of 4.00%. JBG SMITH Properties’s dividend payout ratio is currently -50.36%.

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.