DekaBank Deutsche Girozentrale Sells 4,503 Shares of JBG SMITH Properties (NYSE:JBGS)

DekaBank Deutsche Girozentrale reduced its position in JBG SMITH Properties (NYSE:JBGS) by 15.9% during the fourth quarter, HoldingsChannel reports. The firm owned 23,740 shares of the company’s stock after selling 4,503 shares during the period. DekaBank Deutsche Girozentrale’s holdings in JBG SMITH Properties were worth $404,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in shares of JBG SMITH Properties by 17.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 12,118 shares of the company’s stock valued at $354,000 after acquiring an additional 1,822 shares during the period. Natixis Advisors L.P. lifted its position in shares of JBG SMITH Properties by 22.3% during the 1st quarter. Natixis Advisors L.P. now owns 17,993 shares of the company’s stock valued at $526,000 after acquiring an additional 3,283 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of JBG SMITH Properties during the 1st quarter valued at $1,181,000. MetLife Investment Management LLC lifted its position in shares of JBG SMITH Properties by 33.7% during the 1st quarter. MetLife Investment Management LLC now owns 73,988 shares of the company’s stock valued at $2,162,000 after acquiring an additional 18,666 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of JBG SMITH Properties by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,838 shares of the company’s stock valued at $1,223,000 after acquiring an additional 3,989 shares during the period. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Stock Performance

JBGS opened at $14.94 on Tuesday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.14. The company’s fifty day moving average price is $16.36 and its two-hundred day moving average price is $15.60. JBG SMITH Properties has a 1-year low of $12.63 and a 1-year high of $18.17. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -17.79 and a beta of 1.07.

JBG SMITH Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.70 annualized dividend and a yield of 4.69%. JBG SMITH Properties’s payout ratio is -83.33%.

Wall Street Analyst Weigh In

Separately, Evercore ISI dropped their target price on shares of JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating on the stock in a research report on Wednesday, April 10th.

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.