SG Americas Securities LLC lowered its holdings in JBG SMITH Properties (NYSE:JBGS – Free Report) by 63.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,320 shares of the company’s stock after selling 152,345 shares during the quarter. SG Americas Securities LLC owned approximately 0.08% of JBG SMITH Properties worth $1,298,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of JBG SMITH Properties during the 4th quarter valued at $25,000. Fifth Third Bancorp boosted its holdings in shares of JBG SMITH Properties by 802.5% in the 1st quarter. Fifth Third Bancorp now owns 1,814 shares of the company’s stock valued at $27,000 after acquiring an additional 1,613 shares during the last quarter. Ellevest Inc. increased its stake in shares of JBG SMITH Properties by 186.6% in the first quarter. Ellevest Inc. now owns 2,227 shares of the company’s stock worth $34,000 after acquiring an additional 1,450 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of JBG SMITH Properties by 41.1% during the fourth quarter. Quadrant Capital Group LLC now owns 1,903 shares of the company’s stock worth $36,000 after purchasing an additional 554 shares during the last quarter. Finally, CWM LLC lifted its position in JBG SMITH Properties by 79.9% during the first quarter. CWM LLC now owns 2,360 shares of the company’s stock valued at $36,000 after purchasing an additional 1,048 shares during the period. Institutional investors own 97.07% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, Evercore ISI downgraded JBG SMITH Properties from an “in-line” rating to an “underperform” rating and cut their price target for the stock from $16.00 to $15.00 in a research report on Wednesday, August 16th.
JBG SMITH Properties Stock Up 0.1 %
Shares of JBGS stock opened at $13.93 on Friday. JBG SMITH Properties has a twelve month low of $13.37 and a twelve month high of $21.10. The stock has a market cap of $1.44 billion, a P/E ratio of -55.72 and a beta of 1.00. The stock has a 50 day moving average of $15.57 and a 200 day moving average of $15.04. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.95.
JBG SMITH Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.46%. The ex-dividend date of this dividend was Wednesday, August 16th. JBG SMITH Properties’s dividend payout ratio (DPR) is -360.00%.
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. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.
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