Balyasny Asset Management L.P. Invests $776,000 in JBG SMITH Properties (NYSE:JBGS)

Balyasny Asset Management L.P. acquired a new stake in JBG SMITH Properties (NYSE:JBGS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 50,464 shares of the company's stock, valued at approximately $776,000. Balyasny Asset Management L.P. owned 0.06% of JBG SMITH Properties at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JBGS. Sterling Capital Management LLC raised its holdings in JBG SMITH Properties by 814.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock worth $40,000 after buying an additional 2,289 shares during the last quarter. KBC Group NV boosted its stake in shares of JBG SMITH Properties by 64.9% during the 4th quarter. KBC Group NV now owns 5,677 shares of the company's stock worth $87,000 after acquiring an additional 2,234 shares during the last quarter. Yoffe Investment Management LLC bought a new stake in shares of JBG SMITH Properties during the fourth quarter valued at approximately $169,000. Bank of Montreal Can lifted its position in JBG SMITH Properties by 8.5% in the fourth 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. Finally, Sequoia Financial Advisors LLC purchased a new position in JBG SMITH Properties during the 4th quarter worth $194,000. Institutional investors and hedge funds own 98.46% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI increased their price objective on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research report on Monday.

JBG SMITH Properties Stock Performance

Shares of JBGS stock traded down $0.01 during mid-day trading on Monday, reaching $16.56. The stock had a trading volume of 425,764 shares, compared to its average volume of 849,064. JBG SMITH Properties has a one year low of $13.28 and a one year high of $18.86. The firm has a market cap of $1.21 billion, a PE ratio of -9.91 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. The firm's 50 day simple moving average is $15.29 and its 200 day simple moving average is $15.49.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last released its earnings results 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. The business had revenue of $120.69 million during the quarter, compared to the consensus estimate of $124.35 million. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Thursday, May 8th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, May 8th. This represents a $0.70 dividend on an annualized basis and a yield of 4.23%. JBG SMITH Properties's dividend payout ratio (DPR) is -37.43%.

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.