Cerity Partners LLC Sells 52,303 Shares of JBG SMITH Properties (NYSE:JBGS)

Cerity Partners LLC decreased its holdings in JBG SMITH Properties (NYSE:JBGS - Free Report) by 65.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 quarter.

Several other hedge funds also recently modified their holdings of the stock. Northern Trust Corp boosted its holdings in JBG SMITH Properties by 75.8% during the fourth quarter. Northern Trust Corp now owns 1,631,630 shares of the company's stock worth $25,078,000 after purchasing an additional 703,538 shares during the last quarter. Natixis boosted its stake in shares of JBG SMITH Properties by 0.9% in the 4th quarter. Natixis now owns 1,008,840 shares of the company's stock worth $15,506,000 after buying an additional 8,840 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of JBG SMITH Properties by 12.6% in the 4th quarter. JPMorgan Chase & Co. now owns 741,071 shares of the company's stock worth $11,390,000 after buying an additional 82,779 shares during the last quarter. Invesco Ltd. boosted its stake in shares of JBG SMITH Properties by 94.4% in the 4th quarter. Invesco Ltd. now owns 691,230 shares of the company's stock worth $10,624,000 after buying an additional 335,661 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of JBG SMITH Properties by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 501,377 shares of the company's stock worth $7,706,000 after buying an additional 9,134 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Stock Up 1.5%

JBGS stock opened at $19.55 on Friday. The stock's fifty day simple moving average is $17.67 and its two-hundred day simple moving average is $16.07. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 1.60. The stock has a market cap of $1.43 billion, a P/E ratio of -10.45 and a beta of 1.24. JBG SMITH Properties has a 1-year low of $13.28 and a 1-year high of $19.60.

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 for the quarter, topping analysts' consensus estimates of ($0.42) by $0.51. The company had revenue of $120.69 million for the quarter, compared to the consensus estimate of $124.35 million. JBG SMITH Properties had a negative net margin of 30.02% and a negative return on equity of 8.59%.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Shareholders of record on Thursday, August 7th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Thursday, August 7th. JBG SMITH Properties's payout ratio is -37.43%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI boosted their target price on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a research note 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.

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