JBG SMITH Properties (NYSE:JBGS) Shares Sold by Quest Partners LLC

Quest Partners LLC decreased its position in JBG SMITH Properties (NYSE:JBGS) by 39.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 96,249 shares of the company’s stock after selling 63,416 shares during the period. Quest Partners LLC owned about 0.11% of JBG SMITH Properties worth $1,682,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Thompson Siegel & Walmsley LLC increased its holdings in JBG SMITH Properties by 6.4% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock valued at $35,941,000 after acquiring an additional 141,802 shares in the last quarter. Private Management Group Inc. raised its position in shares of 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 purchasing an additional 452,901 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in JBG SMITH Properties by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock valued at $19,733,000 after buying an additional 9,581 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in JBG SMITH Properties by 7.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 191,192 shares of the company’s stock valued at $2,912,000 after buying an additional 12,690 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in JBG SMITH Properties by 4.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 186,439 shares of the company’s stock worth $2,988,000 after buying an additional 8,235 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their target price 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.

JBG SMITH Properties Price Performance

JBGS stock opened at $14.91 on Tuesday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -11.47 and a beta of 1.10. The stock’s fifty day simple moving average is $17.56 and its 200-day simple moving average is $16.35. JBG SMITH Properties has a 52-week low of $13.03 and a 52-week 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.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.32) earnings per share 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 for the quarter.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio (DPR) 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.