Citigroup Inc. Buys 32,027 Shares of JBG SMITH Properties (NYSE:JBGS)

Citigroup Inc. grew its position in JBG SMITH Properties (NYSE:JBGS - Free Report) by 1.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,924,226 shares of the company's stock after purchasing an additional 32,027 shares during the quarter. Citigroup Inc. owned approximately 3.46% of JBG SMITH Properties worth $51,115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in JBG SMITH Properties by 5.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company's stock valued at $38,010,000 after buying an additional 105,384 shares during the last quarter. Intech Investment Management LLC bought a new position in JBG SMITH Properties during the third quarter worth $400,000. Victory Capital Management Inc. raised its stake in JBG SMITH Properties by 15.5% during the 3rd quarter. Victory Capital Management Inc. now owns 76,171 shares of the company's stock valued at $1,331,000 after purchasing an additional 10,203 shares during the last quarter. Meixler Investment Management Ltd. acquired a new stake in JBG SMITH Properties in the 3rd quarter worth $518,000. Finally, Carmel Capital Partners LLC raised its position 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 buying an additional 1,084 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Evercore ISI upped their target price on 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

JBG SMITH Properties stock traded up $0.96 during trading hours on Friday, hitting $16.57. 1,451,405 shares of the stock were exchanged, compared to its average volume of 557,858. The stock has a market capitalization of $1.40 billion, a P/E ratio of -12.75 and a beta of 1.10. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. JBG SMITH Properties has a 12 month low of $13.03 and a 12 month high of $18.86. The business's 50-day moving average is $17.35 and its two-hundred day moving average is $16.37.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last issued its quarterly earnings results 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 for the quarter.

JBG SMITH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, November 7th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Thursday, November 7th. JBG SMITH Properties's dividend payout ratio (DPR) is -53.85%.

JBG SMITH Properties 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.