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

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of JBG SMITH Properties by 3.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 94,664 shares of the company's stock worth $1,455,000 after acquiring an additional 2,913 shares during the period. Empowered Funds LLC acquired a new stake in JBG SMITH Properties in the 4th quarter worth about $239,000. Van ECK Associates Corp grew its stake in shares of JBG SMITH Properties by 23.2% during the 4th quarter. Van ECK Associates Corp now owns 19,200 shares of the company's stock valued at $295,000 after buying an additional 3,612 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of JBG SMITH Properties by 3.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 125,610 shares of the company's stock worth $1,913,000 after purchasing an additional 4,130 shares during the period. Finally, Meixler Investment Management Ltd. raised its holdings in shares of JBG SMITH Properties by 6.2% in the 4th quarter. Meixler Investment Management Ltd. now owns 31,458 shares of the company's stock worth $484,000 after purchasing an additional 1,850 shares during the period. Institutional investors and hedge funds own 98.46% of the company's stock.

JBG SMITH Properties Stock Down 0.3%

Shares of NYSE:JBGS opened at $18.30 on Friday. The company has a current ratio of 3.73, a quick ratio of 3.87 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. The company has a fifty day simple moving average of $16.04 and a 200 day simple moving average of $15.65. The firm has a market cap of $1.34 billion, a PE ratio of -10.96 and a beta of 1.25.

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, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $124.35 million.

JBG SMITH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a $0.175 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.82%. JBG SMITH Properties's dividend payout ratio (DPR) is presently -37.43%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised their price objective 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.

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