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

Quest Partners LLC lessened its holdings in JBG SMITH Properties (NYSE:JBGS) by 39.7% during the third quarter, HoldingsChannel.com reports. The fund owned 96,249 shares of the company’s stock after selling 63,416 shares during the quarter. Quest Partners LLC’s holdings in JBG SMITH Properties were worth $1,682,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. raised its position in JBG SMITH Properties by 706.3% in the third quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock valued at $33,000 after purchasing an additional 1,674 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in JBG SMITH Properties by 30.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock worth $57,000 after acquiring an additional 753 shares in the last quarter. Bfsg LLC boosted its holdings in JBG SMITH Properties by 9.5% in the 2nd quarter. Bfsg LLC now owns 12,655 shares of the company’s stock worth $193,000 after acquiring an additional 1,102 shares during the period. Van ECK Associates Corp grew its position in JBG SMITH Properties by 4.7% in the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after acquiring an additional 702 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of JBG SMITH Properties by 5.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company’s stock worth $368,000 after purchasing an additional 1,021 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Trading Down 1.8 %

Shares of JBGS opened at $14.91 on Tuesday. JBG SMITH Properties has a one year low of $13.03 and a one year high of $18.86. The stock has a 50-day moving average price of $17.56 and a 200 day moving average price of $16.35. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. The company has a market capitalization of $1.26 billion, a P/E ratio of -11.47 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The business had revenue of $136.03 million during the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.69%. The ex-dividend date is Thursday, November 7th. JBG SMITH Properties’s payout ratio is currently -53.85%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a report on Monday, September 16th.

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.