Millennium Management LLC Decreases Position in JBG SMITH Properties (NYSE:JBGS)

Millennium Management LLC lowered its position in shares of JBG SMITH Properties (NYSE:JBGS - Free Report) by 40.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 253,430 shares of the company's stock after selling 170,313 shares during the quarter. Millennium Management LLC owned 0.30% of JBG SMITH Properties worth $3,895,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of JBGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in JBG SMITH Properties by 1.4% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,362 shares of the company's stock valued at $713,000 after purchasing an additional 662 shares during the period. State of Tennessee Department of Treasury raised its position in shares of JBG SMITH Properties by 2.0% during the fourth quarter. State of Tennessee Department of Treasury now owns 42,457 shares of the company's stock valued at $653,000 after buying an additional 818 shares during the last quarter. Carmel Capital Partners LLC lifted its holdings in shares of JBG SMITH Properties by 3.2% in the fourth quarter. Carmel Capital Partners LLC now owns 27,030 shares of the company's stock worth $415,000 after buying an additional 830 shares in the last quarter. Bank of Montreal Can boosted its position in shares of JBG SMITH Properties by 8.5% during the fourth quarter. Bank of Montreal Can now owns 11,928 shares of the company's stock worth $183,000 after acquiring an additional 939 shares during the last quarter. Finally, Meixler Investment Management Ltd. boosted its position in shares of JBG SMITH Properties by 6.2% during the fourth quarter. Meixler Investment Management Ltd. now owns 31,458 shares of the company's stock worth $484,000 after acquiring an additional 1,850 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company's stock.

JBG SMITH Properties Price Performance

JBG SMITH Properties stock traded down $0.12 during midday trading on Tuesday, reaching $17.46. 844,822 shares of the stock traded hands, compared to its average volume of 868,954. The stock has a market cap of $1.28 billion, a P/E ratio of -10.46 and a beta of 1.14. The stock's fifty day moving average is $15.67 and its 200-day moving average is $15.53. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42. 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 issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.42) by $0.51. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%. The business had revenue of $120.69 million for the quarter, compared to analysts' expectations of $124.35 million.

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $0.70 annualized dividend and a yield of 4.01%. JBG SMITH Properties's dividend payout ratio (DPR) is currently -37.43%.

Analyst Ratings Changes

Separately, Evercore ISI lifted their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an "underperform" rating in a report on Monday, May 19th.

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.