Wolverine Asset Management LLC Sells 19,461 Shares of JBG SMITH Properties (NYSE:JBGS)

Wolverine Asset Management LLC trimmed its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 19.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,983 shares of the company’s stock after selling 19,461 shares during the quarter. Wolverine Asset Management LLC’s holdings in JBG SMITH Properties were worth $1,245,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Asset Management One Co. Ltd. increased its position in JBG SMITH Properties by 0.6% during the third quarter. Asset Management One Co. Ltd. now owns 121,480 shares of the company’s stock worth $2,123,000 after acquiring an additional 680 shares during the period. Van ECK Associates Corp increased its holdings in JBG SMITH Properties by 4.7% in the 3rd quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after buying an additional 702 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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 buying an additional 753 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in JBG SMITH Properties by 5.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 21,541 shares of the company’s stock valued at $368,000 after buying an additional 1,021 shares during the period. Finally, Carmel Capital Partners LLC increased its holdings in JBG SMITH Properties by 4.3% in the 3rd quarter. Carmel Capital Partners LLC now owns 26,200 shares of the company’s stock valued at $458,000 after buying an additional 1,084 shares during the period. 98.46% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

JBG SMITH Properties Price Performance

JBGS stock opened at $14.90 on Friday. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42. JBG SMITH Properties has a 12 month low of $13.65 and a 12 month high of $18.86. The firm has a market cap of $1.23 billion, a P/E ratio of -8.92 and a beta of 1.11. The company’s 50-day moving average price is $15.25 and its two-hundred day moving average price is $16.50.

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

JBG SMITH Properties Dividend Announcement

The business 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 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -41.92%.

About JBG SMITH Properties

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.