US Bancorp DE increased its position in JBG SMITH Properties (NYSE:JBGS – Free Report) by 228.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,763 shares of the company’s stock after purchasing an additional 7,490 shares during the period. US Bancorp DE’s holdings in JBG SMITH Properties were worth $162,000 at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in JBG SMITH Properties by 182.8% in the fourth quarter. CWM LLC now owns 1,312 shares of the company’s stock worth $25,000 after acquiring an additional 848 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in JBG SMITH Properties in the fourth quarter worth about $25,000. Fifth Third Bancorp lifted its holdings in JBG SMITH Properties by 802.5% in the first quarter. Fifth Third Bancorp now owns 1,814 shares of the company’s stock worth $27,000 after acquiring an additional 1,613 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in JBG SMITH Properties by 41.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,903 shares of the company’s stock worth $36,000 after acquiring an additional 554 shares during the last quarter. Finally, Ellevest Inc. lifted its holdings in 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 last quarter. 97.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on JBGS. TheStreet raised shares of JBG SMITH Properties from a “d” rating to a “c-” rating in a report on Friday, May 12th. Evercore ISI cut shares of JBG SMITH Properties from an “in-line” rating to an “underperform” rating and cut their target price for the stock from $16.00 to $15.00 in a report on Wednesday, August 16th.
JBG SMITH Properties Stock Performance
JBGS opened at $15.67 on Thursday. The business’s 50 day moving average is $15.55 and its 200-day moving average is $15.35. The stock has a market cap of $1.62 billion, a PE ratio of -62.66 and a beta of 1.00. 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 has a twelve month low of $13.37 and a twelve month high of $22.71.
JBG SMITH Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be issued a dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.75%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -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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