ClearAlpha Technologies LP Takes Position in JBG SMITH Properties (NYSE:JBGS)

ClearAlpha Technologies LP acquired a new position in shares of JBG SMITH Properties (NYSE:JBGS) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,308 shares of the company’s stock, valued at approximately $495,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in JBG SMITH Properties by 706.3% during the third quarter. Blue Trust Inc. now owns 1,911 shares of the company’s stock worth $33,000 after buying an additional 1,674 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of JBG SMITH Properties by 30.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock worth $57,000 after purchasing an additional 753 shares during the period. Bfsg LLC increased its holdings in JBG SMITH Properties by 9.5% in the 2nd quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after purchasing an additional 1,102 shares during the last quarter. Verition Fund Management LLC purchased a new stake in JBG SMITH Properties in the third quarter valued at approximately $268,000. Finally, Van ECK Associates Corp raised its position in JBG SMITH Properties by 4.7% in the third quarter. Van ECK Associates Corp now owns 15,588 shares of the company’s stock valued at $282,000 after purchasing an additional 702 shares during the period. 98.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised their price target on JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th.

JBG SMITH Properties Stock Up 2.0 %

Shares of NYSE:JBGS opened at $17.09 on Monday. The firm’s 50-day moving average is $17.20 and its two-hundred day moving average is $16.46. 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 $13.61 and a 1 year high of $18.86. The firm has a market capitalization of $1.44 billion, a PE ratio of -13.15 and a beta of 1.10.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.32) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.03. JBG SMITH Properties had a negative net margin of 20.60% and a negative return on equity of 5.56%. The business had revenue of $136.03 million during the quarter.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 7th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend was Thursday, November 7th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -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.