Wolverine Asset Management LLC Sells 19,461 Shares of JBG SMITH Properties (NYSE:JBGS)

Wolverine Asset Management LLC decreased its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,983 shares of the company’s stock after selling 19,461 shares during the period. Wolverine Asset Management LLC owned approximately 0.10% of JBG SMITH Properties worth $1,245,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Citigroup Inc. boosted its holdings in JBG SMITH Properties by 1.1% during the third quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock worth $51,115,000 after purchasing an additional 32,027 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in JBG SMITH Properties by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock valued at $38,010,000 after acquiring an additional 105,384 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in JBG SMITH Properties by 430.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock valued at $10,712,000 after acquiring an additional 497,288 shares during the last quarter. Principal Financial Group Inc. lifted its stake in JBG SMITH Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 409,520 shares of the company’s stock valued at $6,294,000 after acquiring an additional 1,892 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in JBG SMITH Properties by 33.4% in the third quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock valued at $6,275,000 after acquiring an additional 89,812 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Performance

NYSE JBGS opened at $14.90 on Friday. The firm has a 50-day moving average of $15.25 and a 200-day moving average of $16.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 3.87 and a current ratio of 3.73. The stock has a market cap of $1.23 billion, a PE ratio of -8.92 and a beta of 1.11. JBG SMITH Properties has a 52-week low of $13.65 and a 52-week high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.52. The company had revenue of $108.43 million during the quarter, compared to analysts’ expectations of $116.31 million. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%.

JBG SMITH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio is presently -41.92%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and cut their price target for the company from $18.00 to $15.00 in a research note on Tuesday, December 3rd.

JBG SMITH Properties Profile

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.