Cerity Partners LLC Decreases Stake in JBG SMITH Properties (NYSE:JBGS)

Key Points

• Cerity Partners LLC has cut its holdings in JBG SMITH Properties by 65.3%, selling 52,303 shares and reducing its total shares to 27,852, valued at approximately $449,000.
• JBG SMITH Properties announced a quarterly dividend of $0.175, which will be paid on August 21, with a yield of 3.58% based on an annualized basis.
• The company reported earnings of $0.09 per share, significantly exceeding analysts' expectations of a loss, although its revenue for the quarter fell slightly short of estimates.

Cerity Partners LLC decreased its stake in JBG SMITH Properties (NYSE:JBGS - Free Report) by 65.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,852 shares of the company's stock after selling 52,303 shares during the quarter. Cerity Partners LLC's holdings in JBG SMITH Properties were worth $449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sterling Capital Management LLC increased its stake in shares of JBG SMITH Properties by 814.6% during the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company's stock valued at $40,000 after buying an additional 2,289 shares during the period. Farther Finance Advisors LLC lifted its position in shares of JBG SMITH Properties by 1,052.9% in the 1st quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company's stock worth $42,000 after purchasing an additional 2,390 shares during the period. Versant Capital Management Inc boosted its stake in shares of JBG SMITH Properties by 113.7% during the first 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 in the last quarter. State of Wyoming purchased a new position in JBG SMITH Properties during the fourth quarter valued at approximately $98,000. Finally, Yoffe Investment Management LLC purchased a new position in JBG SMITH Properties during the fourth quarter valued at approximately $169,000. Hedge funds and other institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Stock Up 11.9%

JBG SMITH Properties stock traded up $2.29 during trading hours on Wednesday, reaching $21.53. The stock had a trading volume of 1,853,274 shares, compared to its average volume of 794,402. The business's 50 day moving average price is $17.88 and its 200-day moving average price is $16.17. The company has a debt-to-equity ratio of 1.60, a current ratio of 3.40 and a quick ratio of 3.40. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $22.45. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -11.39 and a beta of 1.24.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) 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. JBG SMITH Properties had a negative return on equity of 8.63% and a negative net margin of 29.54%. The business had revenue of $120.69 million for the quarter, compared to the consensus estimate of $124.35 million.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend is Thursday, August 7th. JBG SMITH Properties's dividend payout ratio is currently -37.43%.

Wall Street Analyst Weigh In

Separately, Evercore ISI increased their target price 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.

About JBG SMITH Properties

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.