Sequoia Financial Advisors LLC Invests $171,000 in JBG SMITH Properties (NYSE:JBGS)

Sequoia Financial Advisors LLC purchased a new stake in JBG SMITH Properties (NYSE:JBGS) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 10,061 shares of the company’s stock, valued at approximately $171,000.

Several other institutional investors also recently bought and sold shares of JBGS. BlackRock Inc. raised its holdings in shares of JBG SMITH Properties by 15.4% during the second quarter. BlackRock Inc. now owns 21,297,231 shares of the company’s stock valued at $320,310,000 after acquiring an additional 2,836,299 shares during the last quarter. Norges Bank purchased a new stake in shares of JBG SMITH Properties during the fourth quarter worth approximately $180,521,000. State Street Corp raised its stake in JBG SMITH Properties by 9.9% in the 2nd quarter. State Street Corp now owns 6,771,954 shares of the company’s stock valued at $101,850,000 after purchasing an additional 607,462 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in JBG SMITH Properties by 18.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,714,605 shares of the company’s stock valued at $108,464,000 after purchasing an additional 892,450 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in JBG SMITH Properties by 55.0% in the 4th quarter. Morgan Stanley now owns 4,715,418 shares of the company’s stock valued at $89,499,000 after purchasing an additional 1,673,403 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

JBG SMITH Properties Stock Up 1.4 %

JBGS stock opened at $14.84 on Friday. 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 firm has a 50-day moving average of $16.21 and a two-hundred day moving average of $15.61. JBG SMITH Properties has a 12 month low of $12.63 and a 12 month high of $18.17. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -17.67 and a beta of 1.07.

JBG SMITH Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.72%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -83.33%.

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.