JBG SMITH Properties (NYSE:JBGS) Stock Holdings Reduced by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its position in JBG SMITH Properties (NYSE:JBGS) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,969 shares of the company’s stock after selling 8,014 shares during the quarter. Wolverine Asset Management LLC’s holdings in JBG SMITH Properties were worth $1,176,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in JBG SMITH Properties by 814.6% in the fourth quarter. Sterling Capital Management LLC now owns 2,570 shares of the company’s stock valued at $40,000 after purchasing an additional 2,289 shares in the last quarter. Farther Finance Advisors LLC grew its stake in JBG SMITH Properties by 1,052.9% in the first quarter. Farther Finance Advisors LLC now owns 2,617 shares of the company’s stock valued at $42,000 after purchasing an additional 2,390 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of JBG SMITH Properties by 113.7% during the 1st quarter. Versant Capital Management Inc now owns 3,374 shares of the company’s stock worth $54,000 after acquiring an additional 1,795 shares in the last quarter. US Bancorp DE boosted its stake in shares of JBG SMITH Properties by 123.6% during the 1st quarter. US Bancorp DE now owns 3,787 shares of the company’s stock worth $61,000 after acquiring an additional 2,093 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of JBG SMITH Properties during the 4th quarter worth about $98,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Performance

JBGS opened at $19.53 on Friday. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $22.45. The company has a debt-to-equity ratio of 1.88, a quick ratio of 3.54 and a current ratio of 3.54. The company has a market cap of $1.21 billion, a PE ratio of -10.33 and a beta of 1.28. The stock has a 50-day moving average of $18.36 and a 200-day moving average of $16.42.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.54) by $0.73. JBG SMITH Properties had a negative return on equity of 9.20% and a negative net margin of 29.54%. The business had revenue of $126.48 million during the quarter, compared to analysts’ expectations of $116.76 million.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Thursday, August 7th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, August 7th. JBG SMITH Properties’s payout ratio is currently -37.04%.

Insider Activity

In related news, CIO George Laucks Xanders sold 5,600 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.57, for a total transaction of $120,792.00. Following the completion of the transaction, the executive owned 2,750 shares of the company’s stock, valued at approximately $59,317.50. The trade was a 67.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Angela Valdes sold 10,098 shares of the business’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $21.53, for a total value of $217,409.94. The disclosure for this sale can be found here. 4.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JBGS has been the subject of several recent analyst reports. Evercore ISI upped their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research note on Monday, May 19th. Wall Street Zen upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, August 2nd.

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.