Louisiana State Employees Retirement System Sells 1,000 Shares of JBG SMITH Properties (NYSE:JBGS)

Louisiana State Employees Retirement System reduced its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 2.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 40,800 shares of the company’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in JBG SMITH Properties were worth $627,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JBGS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position 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 acquiring an additional 497,288 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of JBG SMITH Properties by 5.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock valued at $38,010,000 after buying an additional 105,384 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of 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 buying an additional 89,812 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of JBG SMITH Properties by 105.8% during the 3rd quarter. Quantinno Capital Management LP now owns 70,823 shares of the company’s stock valued at $1,238,000 after buying an additional 36,412 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of JBG SMITH Properties by 1.1% during the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock valued at $51,115,000 after buying an additional 32,027 shares in the last quarter. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Stock Performance

NYSE JBGS opened at $14.98 on Wednesday. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86. The company has a debt-to-equity ratio of 1.38, a current ratio of 3.87 and a quick ratio of 3.87. The stock has a market capitalization of $1.27 billion, a PE ratio of -11.52 and a beta of 1.11. The company’s 50 day simple moving average is $15.36 and its two-hundred day simple moving average is $16.54.

JBG SMITH Properties (NYSE:JBGS) last posted its earnings results 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 net margin of 20.60% and a negative return on equity of 5.56%.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Monday, December 30th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 4.67%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio is presently -53.85%.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $18.00 to $15.00 in a research note 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.