Daiwa Securities Group Inc. Increases Stock Position in JBG SMITH Properties (NYSE:JBGS)

Daiwa Securities Group Inc. raised its stake in JBG SMITH Properties (NYSE:JBGS) by 7.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 28,791 shares of the company’s stock after purchasing an additional 2,023 shares during the period. Daiwa Securities Group Inc.’s holdings in JBG SMITH Properties were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in shares of JBG SMITH Properties by 0.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 121,480 shares of the company’s stock valued at $2,123,000 after purchasing an additional 680 shares during the last quarter. Van ECK Associates Corp increased its position in JBG SMITH Properties by 4.7% during the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock worth $282,000 after buying an additional 702 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after buying an additional 753 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of JBG SMITH Properties by 4.2% in the second quarter. Inspire Investing LLC now owns 23,241 shares of the company’s stock valued at $354,000 after acquiring an additional 937 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in shares of JBG SMITH Properties by 5.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company’s stock worth $368,000 after acquiring an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analyst Ratings Changes

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

JBG SMITH Properties Price Performance

Shares of JBGS opened at $17.09 on Friday. JBG SMITH Properties has a fifty-two week low of $13.61 and a fifty-two week high of $18.86. The firm has a 50-day simple moving average of $17.20 and a 200-day simple moving average of $16.44. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -13.15 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.03. The company had revenue of $136.03 million during the quarter. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio is presently -53.85%.

JBG SMITH Properties 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.