JBG SMITH Properties (NYSE:JBGS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in shares of JBG SMITH Properties (NYSE:JBGS) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 100,380 shares of the company’s stock after selling 1,022 shares during the period. New York State Teachers Retirement System owned 0.12% of JBG SMITH Properties worth $1,543,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Asset Management One Co. Ltd. boosted its stake in JBG SMITH Properties by 3.4% during the fourth quarter. Asset Management One Co. Ltd. now owns 125,610 shares of the company’s stock worth $1,913,000 after buying an additional 4,130 shares during the period. Van ECK Associates Corp boosted its stake in shares of JBG SMITH Properties by 23.2% in the fourth quarter. Van ECK Associates Corp now owns 19,200 shares of the company’s stock valued at $295,000 after purchasing an additional 3,612 shares during the period. Empowered Funds LLC acquired a new stake in JBG SMITH Properties during the 4th quarter worth approximately $239,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of JBG SMITH Properties by 3.2% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 94,664 shares of the company’s stock valued at $1,455,000 after acquiring an additional 2,913 shares in the last quarter. Finally, abrdn plc grew its stake in JBG SMITH Properties by 30.6% during the 4th quarter. abrdn plc now owns 21,508 shares of the company’s stock worth $326,000 after purchasing an additional 5,041 shares in the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

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

JBG SMITH Properties Trading Down 0.1 %

NYSE:JBGS opened at $14.90 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of -8.92 and a beta of 1.11. JBG SMITH Properties has a 52-week low of $13.65 and a 52-week high of $18.86. The stock’s 50 day moving average price is $15.25 and its 200 day moving average price is $16.50. 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 (NYSE:JBGS) last announced its earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.52. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The business had revenue of $108.43 million during the quarter, compared to the consensus estimate of $116.31 million.

JBG SMITH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.70%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -41.92%.

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.