Quadrant Capital Group LLC Sells 5,412 Shares of JBG SMITH Properties (NYSE:JBGS)

Quadrant Capital Group LLC cut its holdings in JBG SMITH Properties (NYSE:JBGS) by 61.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,442 shares of the company’s stock after selling 5,412 shares during the quarter. Quadrant Capital Group LLC’s holdings in JBG SMITH Properties were worth $59,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in shares of JBG SMITH Properties by 272.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,807 shares of the company’s stock valued at $98,000 after purchasing an additional 4,981 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of JBG SMITH Properties during the fourth quarter worth about $171,000. Van ECK Associates Corp raised its position in JBG SMITH Properties by 9.4% in the 3rd quarter. Van ECK Associates Corp now owns 13,736 shares of the company’s stock valued at $199,000 after buying an additional 1,184 shares during the last quarter. Landscape Capital Management L.L.C. bought a new stake in JBG SMITH Properties in the 3rd quarter valued at approximately $259,000. Finally, Caxton Associates LP boosted its position in JBG SMITH Properties by 76.0% during the 3rd quarter. Caxton Associates LP now owns 19,463 shares of the company’s stock worth $281,000 after acquiring an additional 8,405 shares during the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI reduced their target price on shares of JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating for the company in a report on Wednesday, April 10th.

JBG SMITH Properties Price Performance

NYSE:JBGS opened at $13.98 on Monday. The stock’s 50-day simple moving average is $15.23 and its 200 day simple moving average is $15.80. JBG SMITH Properties has a 52-week low of $12.63 and a 52-week high of $18.17. The company has a debt-to-equity ratio of 1.17, a quick ratio of 3.60 and a current ratio of 3.60. The company has a market cap of $1.28 billion, a P/E ratio of -10.06 and a beta of 1.07.

JBG SMITH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 10th were paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date was Thursday, May 9th. JBG SMITH Properties’s dividend payout ratio is currently -50.36%.

JBG SMITH Properties Company 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.