JBG SMITH Properties (NYSE:JBGS) Shares Purchased by Citigroup Inc.

Citigroup Inc. raised its position in JBG SMITH Properties (NYSE:JBGS) by 1.1% in the 3rd quarter, Holdings Channel reports. The fund owned 2,924,226 shares of the company’s stock after purchasing an additional 32,027 shares during the period. Citigroup Inc.’s holdings in JBG SMITH Properties were worth $51,115,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in JBGS. Blue Trust Inc. lifted its stake in shares of JBG SMITH Properties by 706.3% in the third quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock worth $33,000 after acquiring an additional 1,674 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of JBG SMITH Properties by 30.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock valued at $57,000 after purchasing an additional 753 shares in the last quarter. Bfsg LLC boosted its stake in shares of JBG SMITH Properties by 9.5% during the 2nd quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after buying an additional 1,102 shares during the last quarter. Van ECK Associates Corp grew its position in shares of 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 in the last quarter. Finally, Inspire Investing LLC increased its stake 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 worth $354,000 after buying an additional 937 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Up 6.1 %

NYSE:JBGS opened at $16.57 on Friday. 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 $1.40 billion, a price-to-earnings ratio of -12.75 and a beta of 1.10. JBG SMITH Properties has a one year low of $13.03 and a one year high of $18.86. The stock has a 50-day simple moving average of $17.35 and a 200 day simple moving average of $16.37.

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

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, November 7th were paid a dividend of $0.175 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.70 annualized dividend and a yield of 4.22%. JBG SMITH Properties’s payout ratio is -53.85%.

Analyst Upgrades and Downgrades

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

About JBG SMITH Properties

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.