Thrivent Financial for Lutherans Decreases Stake in JBG SMITH Properties (NYSE:JBGS)

Thrivent Financial for Lutherans trimmed its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,297 shares of the company’s stock after selling 2,638 shares during the quarter. Thrivent Financial for Lutherans’ holdings in JBG SMITH Properties were worth $1,004,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Jane Street Group LLC grew its stake in JBG SMITH Properties by 33.4% during the 3rd quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock valued at $6,275,000 after purchasing an additional 89,812 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of JBG SMITH Properties by 430.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock valued at $10,712,000 after buying an additional 497,288 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of JBG SMITH Properties during the third quarter worth approximately $500,000. Charles Schwab Investment Management Inc. increased its stake in shares of JBG SMITH Properties by 5.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock worth $38,010,000 after buying an additional 105,384 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in JBG SMITH Properties by 3.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 125,610 shares of the company’s stock valued at $1,913,000 after acquiring an additional 4,130 shares in the last quarter. Institutional investors and hedge funds own 98.46% of the company’s stock.

JBG SMITH Properties Trading Down 1.0 %

NYSE:JBGS opened at $15.96 on Wednesday. The company has a market cap of $1.31 billion, a PE ratio of -9.55 and a beta of 1.12. The business’s 50 day moving average is $15.23 and its two-hundred day moving average is $16.14. The company has a quick ratio of 3.87, a current ratio of 3.73 and a debt-to-equity ratio of 1.42. JBG SMITH Properties has a 52 week low of $13.65 and a 52 week high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.52. 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 $108.43 million for the quarter, compared to analysts’ expectations of $116.31 million.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lowered shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $18.00 to $15.00 in a report on Tuesday, December 3rd.

JBG SMITH Properties Profile

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.