JBG SMITH Properties (NYSE:JBGS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its stake in JBG SMITH Properties (NYSE:JBGS) by 6.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,467 shares of the company’s stock after selling 1,372 shares during the quarter. Envestnet Asset Management Inc.’s holdings in JBG SMITH Properties were worth $315,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KBC Group NV raised its holdings in shares of JBG SMITH Properties by 64.9% in the 4th quarter. KBC Group NV now owns 5,677 shares of the company’s stock valued at $87,000 after purchasing an additional 2,234 shares in the last quarter. Yoffe Investment Management LLC purchased a new stake in JBG SMITH Properties in the 4th quarter valued at $169,000. Sequoia Financial Advisors LLC purchased a new stake in JBG SMITH Properties during the 4th quarter valued at approximately $194,000. May Hill Capital LLC acquired a new stake in JBG SMITH Properties during the 4th quarter worth approximately $230,000. Finally, Empowered Funds LLC acquired a new position in JBG SMITH Properties in the 4th quarter valued at $239,000. Hedge funds and other institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

Shares of JBGS opened at $15.16 on Wednesday. The firm has a market capitalization of $1.11 billion, a PE ratio of -9.08 and a beta of 1.14. The stock’s 50 day moving average is $15.10 and its two-hundred day moving average is $15.61. JBG SMITH Properties has a twelve month low of $13.28 and a twelve month high of $18.86. The company has a current ratio of 3.73, a quick ratio of 3.87 and a debt-to-equity ratio of 1.42.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.51. JBG SMITH Properties had a negative return on equity of 7.26% and a negative net margin of 26.22%. The firm had revenue of $120.69 million for the quarter, compared to analyst estimates of $124.35 million.

JBG SMITH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.62%. The ex-dividend date is Thursday, May 8th. JBG SMITH Properties’s dividend payout ratio (DPR) is -37.43%.

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.