JPMorgan Chase & Co. Has $11.51 Million Stake in JBG SMITH Properties (NYSE:JBGS)

JPMorgan Chase & Co. reduced its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 658,292 shares of the company's stock after selling 116,236 shares during the period. JPMorgan Chase & Co. owned about 0.78% of JBG SMITH Properties worth $11,507,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. bought a new stake in JBG SMITH Properties during the 3rd quarter worth about $500,000. Public Employees Retirement System of Ohio raised its holdings in JBG SMITH Properties by 4.1% during the third quarter. Public Employees Retirement System of Ohio now owns 126,812 shares of the company's stock worth $2,217,000 after acquiring an additional 5,043 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in JBG SMITH Properties by 3.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 111,200 shares of the company's stock valued at $1,944,000 after purchasing an additional 3,300 shares during the last quarter. Jane Street Group LLC grew its stake in JBG SMITH Properties by 33.4% in the third quarter. Jane Street Group LLC now owns 358,976 shares of the company's stock valued at $6,275,000 after purchasing an additional 89,812 shares in the last quarter. Finally, Wolverine Trading LLC acquired a new position in shares of JBG SMITH Properties during the 3rd quarter worth approximately $239,000. 98.46% of the stock is currently owned by institutional investors.

JBG SMITH Properties Stock Performance

NYSE:JBGS traded up $0.15 on Monday, hitting $14.41. The company's stock had a trading volume of 168,520 shares, compared to its average volume of 436,292. JBG SMITH Properties has a one year low of $13.65 and a one year high of $18.86. The firm has a market capitalization of $1.22 billion, a P/E ratio of -11.08 and a beta of 1.11. The stock has a fifty day moving average of $15.95 and a two-hundred day moving average of $16.71. 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 (NYSE:JBGS - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Monday, December 30th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.70 dividend on an annualized basis and a yield of 4.86%. JBG SMITH Properties's dividend payout ratio (DPR) is currently -53.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BMO Capital Markets downgraded JBG SMITH Properties from a "market perform" rating to an "underperform" rating and cut their price objective for the company from $18.00 to $15.00 in a report on Tuesday, December 3rd. Evercore ISI increased their price target 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 Company 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.