Wolverine Asset Management LLC Decreases Position in JBG SMITH Properties $JBGS

Wolverine Asset Management LLC cut its position in JBG SMITH Properties (NYSE:JBGS) by 23.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 55,764 shares of the company’s stock after selling 17,205 shares during the period. Wolverine Asset Management LLC owned approximately 0.09% of JBG SMITH Properties worth $965,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. US Bancorp DE raised its holdings in JBG SMITH Properties by 123.6% in the first quarter. US Bancorp DE now owns 3,787 shares of the company’s stock worth $61,000 after buying an additional 2,093 shares during the last quarter. MAI Capital Management raised its holdings in JBG SMITH Properties by 103.5% in the first quarter. MAI Capital Management now owns 4,184 shares of the company’s stock worth $67,000 after buying an additional 2,128 shares during the last quarter. AQR Capital Management LLC purchased a new position in JBG SMITH Properties in the first quarter worth about $166,000. M&T Bank Corp purchased a new position in JBG SMITH Properties in the first quarter worth about $170,000. Finally, Teacher Retirement System of Texas purchased a new position in JBG SMITH Properties in the first quarter worth about $189,000. 98.46% of the stock is owned by hedge funds and other institutional investors.

JBG SMITH Properties Stock Performance

Shares of JBGS stock opened at $19.50 on Friday. The company has a 50 day moving average price of $21.76 and a 200-day moving average price of $19.06. JBG SMITH Properties has a 52 week low of $13.28 and a 52 week high of $24.30. The firm has a market capitalization of $1.15 billion, a PE ratio of -9.51 and a beta of 1.35. The company has a quick ratio of 3.54, a current ratio of 3.67 and a debt-to-equity ratio of 2.06.

JBG SMITH Properties (NYSE:JBGS) last announced its earnings results on Tuesday, October 28th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.64. The company had revenue of $123.87 million during the quarter, compared to analyst estimates of $120.57 million. JBG SMITH Properties had a negative net margin of 30.57% and a negative return on equity of 10.41%.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Thursday, November 6th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.6%. The ex-dividend date is Thursday, November 6th. JBG SMITH Properties’s payout ratio is -34.15%.

Analyst Ratings Changes

Several research analysts have issued reports on JBGS shares. New Street Research set a $19.00 target price on shares of JBG SMITH Properties in a report on Thursday, October 9th. Wall Street Zen lowered shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a research note on Wednesday, October 8th. Finally, Evercore ISI reduced their price target on shares of JBG SMITH Properties from $22.00 to $19.00 and set an “underperform” rating for the company in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Sell rating, According to MarketBeat.com, JBG SMITH Properties presently has an average rating of “Strong Sell” and a consensus price target of $17.67.

Insider Activity at JBG SMITH Properties

In related news, insider Evan Regan-Levine sold 5,714 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $23.62, for a total transaction of $134,964.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CIO George Laucks Xanders sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $23.44, for a total transaction of $93,760.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 45,015 shares of company stock worth $933,040. 4.40% of the stock is owned by company insiders.

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.