Yousif Capital Management LLC Cuts Stake in JBG SMITH Properties (NYSE:JBGS)

Yousif Capital Management LLC cut its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,377 shares of the company’s stock after selling 691 shares during the quarter. Yousif Capital Management LLC’s holdings in JBG SMITH Properties were worth $505,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of JBG SMITH Properties by 1.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company’s stock worth $713,000 after buying an additional 662 shares during the last quarter. State of Tennessee Department of Treasury lifted its holdings in JBG SMITH Properties by 2.0% in the 4th quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company’s stock valued at $653,000 after acquiring an additional 818 shares during the last quarter. Carmel Capital Partners LLC raised its holdings in JBG SMITH Properties by 3.2% during the 4th quarter. Carmel Capital Partners LLC now owns 27,030 shares of the company’s stock worth $415,000 after buying an additional 830 shares during the period. Bank of Montreal Can raised 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 period. Finally, Versant Capital Management Inc increased its holdings in shares of JBG SMITH Properties by 113.7% in the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company’s stock valued at $54,000 after purchasing an additional 1,795 shares during the period. 98.46% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

JBG SMITH Properties Trading Down 1.1%

NYSE:JBGS opened at $17.83 on Friday. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $18.86. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.40 and a quick ratio of 3.40. The stock has a market capitalization of $1.30 billion, a PE ratio of -9.54 and a beta of 1.25. The business’s 50-day simple moving average is $16.34 and its 200-day simple moving average is $15.70.

JBG SMITH Properties (NYSE:JBGS) last issued its 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. The company had revenue of $120.69 million during the quarter, compared to the consensus estimate of $124.35 million. JBG SMITH Properties had a negative return on equity of 8.59% and a negative net margin of 30.02%.

JBG SMITH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were paid a $0.175 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.70 annualized dividend and a dividend yield of 3.93%. JBG SMITH Properties’s payout ratio is -37.43%.

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.