Nomura Asset Management Co. Ltd. Boosts Stock Holdings in JBG SMITH Properties (NYSE:JBGS)

Nomura Asset Management Co. Ltd. lifted its position in JBG SMITH Properties (NYSE:JBGS) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,200 shares of the company’s stock after acquiring an additional 3,300 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.13% of JBG SMITH Properties worth $1,944,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC increased its position in shares of JBG SMITH Properties by 33.4% during the third quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock valued at $6,275,000 after acquiring an additional 89,812 shares during the last quarter. Wolverine Trading LLC bought a new position in JBG SMITH Properties in the 3rd quarter valued at $239,000. Quantinno Capital Management LP grew its stake in JBG SMITH Properties by 105.8% in the 3rd quarter. Quantinno Capital Management LP now owns 70,823 shares of the company’s stock valued at $1,238,000 after purchasing an additional 36,412 shares during the period. ClearAlpha Technologies LP purchased a new stake in shares of JBG SMITH Properties during the 3rd quarter valued at $495,000. Finally, Paloma Partners Management Co bought a new stake in shares of JBG SMITH Properties during the 3rd quarter worth $314,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

JBGS has been the subject of several research reports. BMO Capital Markets lowered shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $18.00 to $15.00 in a research report on Tuesday, December 3rd. Evercore ISI increased their target price on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the company an “underperform” rating in a research report on Monday, September 16th.

JBG SMITH Properties Stock Performance

NYSE:JBGS opened at $16.31 on Friday. The company has a market capitalization of $1.38 billion, a P/E ratio of -12.55 and a beta of 1.10. The business has a fifty day simple moving average of $16.94 and a two-hundred day simple moving average of $16.58. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.87 and a quick ratio of 3.87. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) earnings per share for the quarter, topping the consensus estimate 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 during the quarter.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were paid a $0.175 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.70 annualized dividend and a dividend yield of 4.29%. JBG SMITH Properties’s payout ratio is -53.85%.

JBG SMITH Properties 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.