D. E. Shaw & Co. Inc. Sells 46,904 Shares of JBG SMITH Properties (NYSE:JBGS)

D. E. Shaw & Co. Inc. lessened its position in JBG SMITH Properties (NYSE:JBGS) by 33.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,835 shares of the company’s stock after selling 46,904 shares during the period. D. E. Shaw & Co. Inc. owned about 0.11% of JBG SMITH Properties worth $1,458,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC boosted its stake in shares of JBG SMITH Properties by 814.6% during the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company’s stock worth $40,000 after acquiring an additional 2,289 shares during the period. KBC Group NV lifted its holdings in JBG SMITH Properties by 64.9% during the 4th quarter. KBC Group NV now owns 5,677 shares of the company’s stock valued at $87,000 after purchasing an additional 2,234 shares during the last quarter. Yoffe Investment Management LLC bought a new position in JBG SMITH Properties during the fourth quarter worth $169,000. Bank of Montreal Can increased its holdings in shares of JBG SMITH Properties by 8.5% in the fourth quarter. Bank of Montreal Can now owns 11,928 shares of the company’s stock valued at $183,000 after purchasing an additional 939 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of JBG SMITH Properties in the fourth quarter valued at about $194,000. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Performance

NYSE JBGS opened at $16.46 on Friday. The firm has a 50-day moving average price of $15.44 and a two-hundred day moving average price of $15.50. JBG SMITH Properties has a 12-month low of $13.28 and a 12-month high of $18.86. The company has a market capitalization of $1.20 billion, a P/E ratio of -9.86 and a beta of 1.14. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.51. The business had revenue of $120.69 million for the quarter, compared to the consensus estimate of $124.35 million. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, May 8th. This represents a $0.70 annualized dividend and a yield of 4.25%. JBG SMITH Properties’s dividend payout ratio is -37.43%.

Analysts Set New Price Targets

Separately, Evercore ISI upped their price target 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.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.