Deutsche Bank AG Trims Stock Position in JBG SMITH Properties (NYSE:JBGS)

Deutsche Bank AG lowered its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 26.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 125,902 shares of the company’s stock after selling 45,314 shares during the period. Deutsche Bank AG owned approximately 0.15% of JBG SMITH Properties worth $1,935,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new stake in shares of JBG SMITH Properties in the fourth quarter valued at $776,000. Mercer Global Advisors Inc. ADV purchased a new position in JBG SMITH Properties during the 4th quarter worth $740,000. Northern Trust Corp increased its holdings in shares of JBG SMITH Properties by 75.8% in the fourth quarter. Northern Trust Corp now owns 1,631,630 shares of the company’s stock valued at $25,078,000 after purchasing an additional 703,538 shares during the period. Tudor Investment Corp ET AL raised its holdings in JBG SMITH Properties by 43.3% during the fourth quarter. Tudor Investment Corp ET AL now owns 329,001 shares of the company’s stock worth $5,057,000 after purchasing an additional 99,336 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in JBG SMITH Properties by 6.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 78,668 shares of the company’s stock worth $1,210,000 after acquiring an additional 4,947 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Up 0.1%

Shares of NYSE JBGS opened at $16.47 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of -9.86 and a beta of 1.14. The stock has a fifty day moving average price of $15.47 and a 200 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 current ratio of 3.73, a quick ratio of 3.87 and a debt-to-equity ratio of 1.42.

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

JBG SMITH Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Evercore ISI boosted their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, May 19th.

JBG SMITH Properties 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.