Vanguard Group Inc. Sells 783,545 Shares of JBG SMITH Properties (NYSE:JBGS)

Vanguard Group Inc. lowered its position in JBG SMITH Properties (NYSE:JBGS - Free Report) by 4.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,385,433 shares of the company's stock after selling 783,545 shares during the quarter. Vanguard Group Inc. owned about 17.12% of JBG SMITH Properties worth $236,933,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its position in JBG SMITH Properties by 15.4% in the second quarter. BlackRock Inc. now owns 21,297,231 shares of the company's stock valued at $320,310,000 after purchasing an additional 2,836,299 shares during the period. Norges Bank purchased a new stake in JBG SMITH Properties in the 4th quarter valued at about $180,521,000. State Street Corp lifted its position in JBG SMITH Properties by 9.9% in the second quarter. State Street Corp now owns 6,771,954 shares of the company's stock valued at $101,850,000 after buying an additional 607,462 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in JBG SMITH Properties by 18.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,714,605 shares of the company's stock worth $108,464,000 after buying an additional 892,450 shares during the period. Finally, Morgan Stanley increased its position in shares of JBG SMITH Properties by 55.0% during the fourth quarter. Morgan Stanley now owns 4,715,418 shares of the company's stock valued at $89,499,000 after acquiring an additional 1,673,403 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Evercore ISI upped their price objective on shares of JBG SMITH Properties from $15.00 to $16.00 and gave the stock an "underperform" rating in a report on Friday, February 23rd.

JBG SMITH Properties Trading Down 1.3 %

JBGS traded down $0.21 during mid-day trading on Friday, hitting $16.05. 1,605,164 shares of the stock were exchanged, compared to its average volume of 1,013,162. The firm's fifty day moving average is $16.59 and its two-hundred day moving average is $15.52. The company has a market cap of $1.47 billion, a PE ratio of -19.11 and a beta of 1.08. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.14. JBG SMITH Properties has a 1-year low of $12.63 and a 1-year high of $18.17.

JBG SMITH Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend was Thursday, February 29th. JBG SMITH Properties's dividend payout ratio (DPR) is currently -83.33%.

About JBG SMITH Properties

JBG SMITH owns, operates, invests in, and develops mixed-use properties in high growth and high barrier-to-entry submarkets in and around Washington, DC, most notably National Landing. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Washington, DC metropolitan area.