JBG SMITH Properties (NYSE:JBGS) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in shares of JBG SMITH Properties (NYSE:JBGS) by 14.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 65,182 shares of the company’s stock after selling 11,036 shares during the period. Texas Permanent School Fund Corp owned 0.08% of JBG SMITH Properties worth $993,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of JBGS. Brown Brothers Harriman & Co. boosted its position in JBG SMITH Properties by 127.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 1,786 shares of the company’s stock worth $30,000 after acquiring an additional 1,000 shares during the period. Quest Partners LLC bought a new stake in shares of JBG SMITH Properties during the fourth quarter valued at about $186,000. Bfsg LLC raised its stake in shares of JBG SMITH Properties by 9.5% during the second quarter. Bfsg LLC now owns 12,655 shares of the company’s stock valued at $193,000 after purchasing an additional 1,102 shares in the last quarter. Carmel Capital Partners LLC lifted its holdings in JBG SMITH Properties by 7.6% in the first quarter. Carmel Capital Partners LLC now owns 23,043 shares of the company’s stock worth $370,000 after purchasing an additional 1,618 shares during the period. Finally, Daiwa Securities Group Inc. increased its stake in JBG SMITH Properties by 6.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 28,323 shares of the company’s stock valued at $455,000 after buying an additional 1,815 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Analysts Set New Price Targets

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

JBG SMITH Properties Stock Down 1.2 %

Shares of JBGS stock opened at $18.05 on Friday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 3.88 and a current ratio of 3.88. The stock has a market cap of $1.60 billion, a PE ratio of -12.99 and a beta of 1.10. The business’s fifty day moving average is $17.08 and its 200-day moving average is $15.91. JBG SMITH Properties has a 1 year low of $12.63 and a 1 year high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last released its earnings results on Tuesday, July 30th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. The firm had revenue of $135.32 million for the quarter. JBG SMITH Properties had a negative return on equity of 6.64% and a negative net margin of 25.40%.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Wednesday, August 7th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Wednesday, August 7th. JBG SMITH Properties’s payout ratio is -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.