AlphaQuest LLC Has $469,000 Stake in JBG SMITH Properties (NYSE:JBGS)

AlphaQuest LLC decreased its position in JBG SMITH Properties (NYSE:JBGS) by 68.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 30,531 shares of the company’s stock after selling 65,718 shares during the period. AlphaQuest LLC’s holdings in JBG SMITH Properties were worth $469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of JBG SMITH Properties by 4.7% in the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after acquiring an additional 702 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of JBG SMITH Properties by 15.5% in the third quarter. Victory Capital Management Inc. now owns 76,171 shares of the company’s stock valued at $1,331,000 after acquiring an additional 10,203 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of JBG SMITH Properties in the third quarter valued at about $400,000. Charles Schwab Investment Management Inc. increased its position in shares of 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. Finally, Citigroup Inc. increased its position in shares of JBG SMITH Properties by 1.1% in the third quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after acquiring an additional 32,027 shares during the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Trading Up 4.3 %

JBG SMITH Properties stock opened at $14.60 on Thursday. JBG SMITH Properties has a 52 week low of $13.65 and a 52 week high of $18.86. 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 capitalization of $1.20 billion, a P/E ratio of -8.74 and a beta of 1.12. The stock has a 50-day simple moving average of $15.13 and a 200 day simple moving average of $16.33.

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

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s payout ratio is currently -41.92%.

Wall Street Analysts Forecast Growth

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

JBG SMITH Properties Company 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.