Rhumbline Advisers Decreases Stock Holdings in JBG SMITH Properties (NYSE:JBGS)

Rhumbline Advisers reduced its position in JBG SMITH Properties (NYSE:JBGS - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 265,426 shares of the company's stock after selling 14,837 shares during the quarter. Rhumbline Advisers owned about 0.32% of JBG SMITH Properties worth $4,276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JBGS. GAMMA Investing LLC raised its position in shares of JBG SMITH Properties by 1,399.9% in the first quarter. GAMMA Investing LLC now owns 11,084 shares of the company's stock valued at $179,000 after buying an additional 10,345 shares during the last quarter. Versant Capital Management Inc grew its stake in JBG SMITH Properties by 113.7% during the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company's stock valued at $54,000 after acquiring an additional 1,795 shares in the last quarter. State of Wyoming purchased a new stake in JBG SMITH Properties during the 4th quarter valued at about $98,000. ProShare Advisors LLC lifted its stake in JBG SMITH Properties by 40.9% in the 4th quarter. ProShare Advisors LLC now owns 24,638 shares of the company's stock worth $379,000 after purchasing an additional 7,154 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of JBG SMITH Properties by 3.1% during the 4th quarter. Quantinno Capital Management LP now owns 73,010 shares of the company's stock worth $1,122,000 after purchasing an additional 2,187 shares during the last quarter. 98.46% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Evercore ISI lifted 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, May 19th.

JBG SMITH Properties Trading Down 1.0%

JBG SMITH Properties stock traded down $0.18 during midday trading on Tuesday, hitting $18.22. 1,191,576 shares of the stock were exchanged, compared to its average volume of 894,892. 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's 50-day simple moving average is $16.18 and its 200 day simple moving average is $15.66. JBG SMITH Properties has a fifty-two week low of $13.28 and a fifty-two week high of $18.86. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -9.74 and a beta of 1.25.

JBG SMITH Properties (NYSE:JBGS - Get Free Report) last announced 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. 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 30.02% and a negative return on equity of 8.59%.

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date was Thursday, May 8th. JBG SMITH Properties's dividend payout ratio is currently -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.