JBG SMITH Properties (NYSE:JBGS) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 31.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 147,600 shares of the company’s stock after selling 66,500 shares during the period. Renaissance Technologies LLC’s holdings in JBG SMITH Properties were worth $2,248,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in JBGS. Hsbc Holdings PLC lifted its holdings in JBG SMITH Properties by 5.6% in the 4th quarter. Hsbc Holdings PLC now owns 61,263 shares of the company’s stock worth $1,042,000 after buying an additional 3,270 shares in the last quarter. Wellington Management Group LLP lifted its holdings in JBG SMITH Properties by 13.6% in the 4th quarter. Wellington Management Group LLP now owns 1,286,706 shares of the company’s stock worth $21,887,000 after buying an additional 153,552 shares in the last quarter. Quadrature Capital Ltd acquired a new position in JBG SMITH Properties in the 4th quarter worth $479,000. BNP Paribas Financial Markets lifted its holdings in JBG SMITH Properties by 15.9% in the 1st quarter. BNP Paribas Financial Markets now owns 81,198 shares of the company’s stock worth $1,303,000 after buying an additional 11,123 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in JBG SMITH Properties by 6.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 28,323 shares of the company’s stock worth $455,000 after buying an additional 1,815 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI boosted their price objective on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a report on Monday, September 16th.

JBG SMITH Properties Stock Performance

Shares of JBGS stock opened at $17.59 on Thursday. The company’s fifty day moving average price is $17.26 and its two-hundred day moving average price is $15.93. The firm has a market capitalization of $1.56 billion, a P/E ratio of -12.65 and a beta of 1.10. JBG SMITH Properties has a 12 month low of $12.63 and a 12 month high of $18.86. The company has a debt-to-equity ratio of 1.29, a current ratio of 3.88 and a quick ratio of 3.88.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. The company had revenue of $135.32 million during the quarter. JBG SMITH Properties had a negative net margin of 25.40% and a negative return on equity of 6.64%.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Stockholders of record on Wednesday, August 7th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 3.98%. The ex-dividend date was Wednesday, August 7th. JBG SMITH Properties’s payout ratio is currently -50.36%.

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.