Jane Street Group LLC Lowers Stock Position in JBG SMITH Properties (NYSE:JBGS)

Jane Street Group LLC reduced its holdings in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 91.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,920 shares of the company's stock after selling 329,056 shares during the quarter. Jane Street Group LLC's holdings in JBG SMITH Properties were worth $460,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV raised its position in JBG SMITH Properties by 64.9% in the fourth 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 period. abrdn plc lifted its stake in JBG SMITH Properties by 30.6% in the fourth quarter. abrdn plc now owns 21,508 shares of the company's stock worth $326,000 after purchasing an additional 5,041 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in JBG SMITH Properties by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 94,664 shares of the company's stock worth $1,455,000 after purchasing an additional 2,913 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of JBG SMITH Properties in the fourth quarter valued at about $239,000. Finally, Van ECK Associates Corp increased its position in shares of JBG SMITH Properties by 23.2% in the fourth quarter. Van ECK Associates Corp now owns 19,200 shares of the company's stock valued at $295,000 after acquiring an additional 3,612 shares during the period. 98.46% of the stock is currently owned by institutional investors and hedge funds.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS traded up $0.49 during midday trading on Monday, reaching $17.59. The stock had a trading volume of 1,685,415 shares, compared to its average volume of 868,407. The stock has a 50-day moving average of $15.60 and a 200-day moving average of $15.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -10.53 and a beta of 1.14. JBG SMITH Properties has a 12-month low of $13.28 and a 12-month high of $18.86.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last posted its 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. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The firm 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 declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Thursday, May 8th were given a $0.175 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.70 annualized dividend and a dividend yield of 3.98%. JBG SMITH Properties's payout ratio is presently -37.43%.

Wall Street Analyst Weigh In

Separately, Evercore ISI upped their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an "underperform" rating in a 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.