Meixler Investment Management Ltd. Takes Position in JBG SMITH Properties (NYSE:JBGS)

Meixler Investment Management Ltd. bought a new stake in JBG SMITH Properties (NYSE:JBGS - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 29,608 shares of the company's stock, valued at approximately $518,000.

Several other hedge funds have also modified their holdings of JBGS. Carmel Capital Partners LLC grew its holdings in shares of JBG SMITH Properties by 4.3% during the third quarter. Carmel Capital Partners LLC now owns 26,200 shares of the company's stock valued at $458,000 after purchasing an additional 1,084 shares during the last quarter. Asset Management One Co. Ltd. boosted its holdings in JBG SMITH Properties by 0.6% in the third quarter. Asset Management One Co. Ltd. now owns 121,480 shares of the company's stock worth $2,123,000 after purchasing an additional 680 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of 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 buying an additional 702 shares during the period. DekaBank Deutsche Girozentrale increased its holdings 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 buying an additional 1,021 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in JBG SMITH Properties by 30.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company's stock worth $57,000 after purchasing an additional 753 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

JBG SMITH Properties Stock Down 3.7 %

Shares of JBGS traded down $0.65 during trading hours on Monday, reaching $16.75. 506,214 shares of the stock traded hands, compared to its average volume of 871,775. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -13.38 and a beta of 1.10. The company has a current ratio of 3.87, a quick ratio of 3.87 and a debt-to-equity ratio of 1.38. JBG SMITH Properties has a 52 week low of $12.63 and a 52 week high of $18.86. The stock has a fifty day simple moving average of $17.72 and a 200 day simple moving average of $16.33.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate 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 firm 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 dividend of $0.175 per share. The ex-dividend date is Thursday, November 7th. This represents a $0.70 annualized dividend and a dividend yield of 4.18%. JBG SMITH Properties's dividend payout ratio (DPR) is -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.