JBG SMITH Properties (NYSE:JBGS) Shares Down 2.3%

JBG SMITH Properties (NYSE:JBGS) shares fell 2.3% on Thursday . The stock traded as low as $15.54 and last traded at $15.88. 214,520 shares traded hands during trading, a decline of 80% from the average session volume of 1,054,782 shares. The stock had previously closed at $16.26.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised their price objective on shares of JBG SMITH Properties from $15.00 to $16.00 and gave the company an “underperform” rating in a research note on Friday, February 23rd.

JBG SMITH Properties Trading Down 1.3 %

The business has a 50 day moving average price of $16.61 and a two-hundred day moving average price of $15.51. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 1.14.

JBG SMITH Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.175 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.70 annualized dividend and a yield of 4.36%. JBG SMITH Properties’s payout ratio is -83.33%.

Institutional Trading of JBG SMITH Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in JBG SMITH Properties by 15.4% during the second quarter. BlackRock Inc. now owns 21,297,231 shares of the company’s stock valued at $320,310,000 after buying an additional 2,836,299 shares during the period. Norges Bank bought a new position in shares of JBG SMITH Properties in the fourth quarter worth approximately $180,521,000. State Street Corp increased its position in shares of JBG SMITH Properties by 9.9% in the second quarter. State Street Corp now owns 6,771,954 shares of the company’s stock valued at $101,850,000 after acquiring an additional 607,462 shares during the period. T. Rowe Price Investment Management Inc. raised its position in JBG SMITH Properties by 18.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,714,605 shares of the company’s stock valued at $108,464,000 after purchasing an additional 892,450 shares during the last quarter. Finally, Morgan Stanley raised its holdings in shares of JBG SMITH Properties by 55.0% during the fourth quarter. Morgan Stanley now owns 4,715,418 shares of the company’s stock valued at $89,499,000 after acquiring an additional 1,673,403 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

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.