Thrivent Financial for Lutherans Has $1.19 Million Stake in JBG SMITH Properties (NYSE:JBGS)

Thrivent Financial for Lutherans lowered its position in JBG SMITH Properties (NYSE:JBGS) by 2.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 67,935 shares of the company’s stock after selling 1,492 shares during the period. Thrivent Financial for Lutherans’ holdings in JBG SMITH Properties were worth $1,188,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JBGS. Thompson Siegel & Walmsley LLC grew its position in JBG SMITH Properties by 6.4% in 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. Private Management Group Inc. lifted its stake in shares of JBG SMITH Properties by 28.8% in the 2nd 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in JBG SMITH Properties by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock worth $19,733,000 after purchasing an additional 9,581 shares in the last quarter. Public Sector Pension Investment Board increased its position in JBG SMITH Properties by 7.1% during the second quarter. Public Sector Pension Investment Board now owns 191,192 shares of the company’s stock worth $2,912,000 after buying an additional 12,690 shares during the last quarter. Finally, Caxton Associates LP raised its holdings in JBG SMITH Properties by 42.9% during the second quarter. Caxton Associates LP now owns 167,991 shares of the company’s stock valued at $2,559,000 after buying an additional 50,432 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI upped their price target 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.

JBG SMITH Properties Stock Up 2.0 %

Shares of JBG SMITH Properties stock opened at $17.09 on Monday. JBG SMITH Properties has a 12-month low of $13.61 and a 12-month high of $18.86. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38. The stock has a 50 day moving average price of $17.20 and a two-hundred day moving average price of $16.46. The stock has a market capitalization of $1.44 billion, a P/E ratio of -13.15 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings data 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 business had revenue of $136.03 million during the quarter.

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio is currently -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.