UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Holdings in JBG SMITH Properties (NYSE:JBGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in JBG SMITH Properties (NYSE:JBGS) by 83.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,886 shares of the company’s stock after selling 509,913 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.12% of JBG SMITH Properties worth $1,581,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its position in shares of JBG SMITH Properties by 814.6% in the 4th quarter. Sterling Capital Management LLC now owns 2,570 shares of the company’s stock worth $40,000 after purchasing an additional 2,289 shares during the last quarter. KBC Group NV increased its holdings in JBG SMITH Properties by 64.9% in the fourth quarter. KBC Group NV now owns 5,677 shares of the company’s stock valued at $87,000 after buying an additional 2,234 shares during the last quarter. State of Wyoming acquired a new stake in JBG SMITH Properties during the fourth quarter valued at approximately $98,000. Yoffe Investment Management LLC bought a new position in JBG SMITH Properties during the 4th quarter worth approximately $169,000. Finally, Bank of Montreal Can lifted its holdings in JBG SMITH Properties by 8.5% during the 4th quarter. Bank of Montreal Can now owns 11,928 shares of the company’s stock worth $183,000 after buying an additional 939 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

JBG SMITH Properties Stock Up 2.1%

Shares of NYSE:JBGS opened at $17.88 on Monday. The company’s fifty day moving average is $15.77 and its two-hundred day moving average is $15.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $18.86. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -10.70 and a beta of 1.25.

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

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.92%. The ex-dividend date was Thursday, May 8th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -37.43%.

Analysts Set New Price Targets

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

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.