JBG SMITH Properties (NYSE:JBGS) Shares Down 2.3%

JBG SMITH Properties (NYSE:JBGS) was down 2.3% during trading on Thursday . The company traded as low as $15.54 and last traded at $15.88. 214,520 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 1,054,782 shares. The stock had previously closed at $16.26.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised their price target on JBG SMITH Properties from $15.00 to $16.00 and gave the stock an “underperform” rating in a research note on Friday, February 23rd.

JBG SMITH Properties Stock Down 1.3 %

The company’s 50-day simple moving average is $16.61 and its 200 day simple moving average is $15.51. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.33 and a quick ratio of 3.33.

JBG SMITH Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.175 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.70 dividend on an annualized basis and a yield of 4.36%. JBG SMITH Properties’s payout ratio is presently -83.33%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of JBGS. BlackRock Inc. increased its stake in shares of JBG SMITH Properties by 15.4% in the second quarter. BlackRock Inc. now owns 21,297,231 shares of the company’s stock worth $320,310,000 after purchasing an additional 2,836,299 shares during the period. Norges Bank bought a new position in JBG SMITH Properties in the 4th quarter worth approximately $180,521,000. State Street Corp lifted its holdings in shares of JBG SMITH Properties by 9.9% during the second quarter. State Street Corp now owns 6,771,954 shares of the company’s stock worth $101,850,000 after buying an additional 607,462 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of JBG SMITH Properties by 18.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,714,605 shares of the company’s stock valued at $108,464,000 after acquiring an additional 892,450 shares during the period. Finally, Morgan Stanley grew its stake in shares of JBG SMITH Properties by 55.0% in the fourth quarter. Morgan Stanley now owns 4,715,418 shares of the company’s stock worth $89,499,000 after acquiring an additional 1,673,403 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

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.