JBG SMITH Properties (NYSE:JBGS) Trading Down 2.3%

Shares of JBG SMITH Properties (NYSE:JBGS) were down 2.3% during mid-day trading on Thursday . The stock traded as low as $15.54 and last traded at $15.88. Approximately 214,520 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 1,054,782 shares. The stock had previously closed at $16.26.

Analysts Set New Price Targets

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

JBG SMITH Properties Stock Down 1.3 %

The stock has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $15.51. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 1.14.

JBG SMITH Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend was Thursday, February 29th. JBG SMITH Properties’s payout ratio is -83.33%.

Hedge Funds Weigh In On JBG SMITH Properties

A number of institutional investors and hedge funds have recently made changes to their positions in JBGS. Norges Bank bought a new stake in JBG SMITH Properties in the 4th quarter valued at about $180,521,000. BlackRock Inc. lifted its holdings in shares of JBG SMITH Properties by 44.1% in the 1st quarter. BlackRock Inc. now owns 18,460,932 shares of the company’s stock worth $278,022,000 after purchasing an additional 5,653,234 shares in the last quarter. Deutsche Bank AG grew its position in JBG SMITH Properties by 11,938.2% in the 1st quarter. Deutsche Bank AG now owns 2,954,178 shares of the company’s stock valued at $44,490,000 after purchasing an additional 2,929,638 shares during the period. Sessa Capital IM L.P. bought a new stake in JBG SMITH Properties during the 4th quarter valued at $37,595,000. Finally, Morgan Stanley raised its holdings in JBG SMITH Properties by 55.0% during the fourth quarter. Morgan Stanley now owns 4,715,418 shares of the company’s stock worth $89,499,000 after buying an additional 1,673,403 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Company Profile

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.