ClearAlpha Technologies LP Takes Position in JBG SMITH Properties (NYSE:JBGS)

ClearAlpha Technologies LP bought a new stake in JBG SMITH Properties (NYSE:JBGS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 28,308 shares of the company’s stock, valued at approximately $495,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Citigroup Inc. raised its stake in JBG SMITH Properties by 1.1% in the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after purchasing an additional 32,027 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of JBG SMITH Properties by 6.4% in the second quarter. Thompson Siegel & Walmsley LLC now owns 2,359,905 shares of the company’s stock worth $35,941,000 after buying an additional 141,802 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $38,010,000 after buying an additional 105,384 shares in the last quarter. Private Management Group Inc. boosted its position in JBG SMITH Properties by 28.8% during the second quarter. Private Management Group Inc. now owns 2,026,209 shares of the company’s stock worth $30,859,000 after acquiring an additional 452,901 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in JBG SMITH Properties by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,686 shares of the company’s stock valued at $19,733,000 after acquiring an additional 9,581 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI boosted their target price on 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 Up 2.0 %

Shares of NYSE:JBGS opened at $17.09 on Monday. JBG SMITH Properties has a 52-week low of $13.61 and a 52-week high of $18.86. The stock has a market cap of $1.44 billion, a P/E ratio of -13.15 and a beta of 1.10. The business has a fifty day moving average of $17.20 and a two-hundred day moving average of $16.46. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt-to-equity ratio of 1.38.

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

JBG SMITH Properties Announces Dividend

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

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.