State Street Corp Cuts Holdings in JBG SMITH Properties (NYSE:JBGS)

State Street Corp decreased its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,076,394 shares of the company's stock after selling 172,970 shares during the quarter. State Street Corp owned approximately 6.01% of JBG SMITH Properties worth $88,735,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of JBGS. Blue Trust Inc. lifted its stake in JBG SMITH Properties by 706.3% in the 3rd quarter. Blue Trust Inc. now owns 1,911 shares of the company's stock valued at $33,000 after buying an additional 1,674 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 valued at $57,000 after purchasing an additional 753 shares during the period. Bfsg LLC lifted its holdings in shares of JBG SMITH Properties by 9.5% during the second quarter. Bfsg LLC now owns 12,655 shares of the company's stock worth $193,000 after purchasing an additional 1,102 shares during the period. Verition Fund Management LLC purchased a new position in shares of JBG SMITH Properties in the 3rd quarter valued at about $268,000. Finally, Van ECK Associates Corp lifted its stake in JBG SMITH Properties by 4.7% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Trading Down 0.9 %

Shares of JBGS traded down $0.14 during midday trading on Tuesday, hitting $16.47. The stock had a trading volume of 836,316 shares, compared to its average volume of 850,245. 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 fifty-two week low of $13.65 and a fifty-two week high of $18.86. The business has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $16.62. The firm has a market cap of $1.39 billion, a P/E ratio of -12.78 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $136.03 million during 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 given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Monday, December 30th. JBG SMITH Properties's payout ratio is currently -53.85%.

Analyst Ratings Changes

A number of equities analysts have recently commented on JBGS shares. Evercore ISI raised their target price 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. BMO Capital Markets lowered shares of JBG SMITH Properties from a "market perform" rating to an "underperform" rating and decreased their price objective for the stock from $18.00 to $15.00 in a report on Tuesday, December 3rd.

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.