Wolverine Asset Management LLC Sells 31,374 Shares of JBG SMITH Properties (NYSE:JBGS)

Wolverine Asset Management LLC cut its stake in JBG SMITH Properties (NYSE:JBGS - Free Report) by 23.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,444 shares of the company's stock after selling 31,374 shares during the quarter. Wolverine Asset Management LLC owned 0.12% of JBG SMITH Properties worth $1,756,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Caxton Associates LP increased its position in JBG SMITH Properties by 504.0% during the 1st quarter. Caxton Associates LP now owns 117,559 shares of the company's stock worth $1,887,000 after purchasing an additional 98,096 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of JBG SMITH Properties by 313.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 131,869 shares of the company's stock valued at $1,986,000 after purchasing an additional 99,983 shares during the period. SG Americas Securities LLC grew its position in JBG SMITH Properties by 1,178.0% during the second quarter. SG Americas Securities LLC now owns 152,496 shares of the company's stock worth $2,323,000 after buying an additional 140,564 shares in the last quarter. Quest Partners LLC grew its holdings in JBG SMITH Properties by 1,003.3% during the 2nd quarter. Quest Partners LLC now owns 159,665 shares of the company's stock worth $2,432,000 after acquiring an additional 145,194 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in JBG SMITH Properties in the 2nd quarter valued at approximately $475,000. Institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Stock Performance

JBGS stock traded down $1.05 during mid-day trading on Tuesday, reaching $15.65. The company had a trading volume of 919,218 shares, compared to its average volume of 873,188. The stock has a market capitalization of $1.32 billion, a P/E ratio of -12.85 and a beta of 1.10. 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 has a one year low of $12.63 and a one year high of $18.86. The stock's 50-day simple moving average is $17.71 and its two-hundred day simple moving average is $16.34.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.03. JBG SMITH Properties had a negative return on equity of 5.56% and a negative net margin of 20.60%. The business had revenue of $136.03 million for the quarter.

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Thursday, November 7th. JBG SMITH Properties's payout ratio is currently -53.85%.

Wall Street Analyst Weigh In

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

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.