State Board of Administration of Florida Retirement System Has $3.22 Million Holdings in JBG SMITH Properties (NYSE:JBGS)

State Board of Administration of Florida Retirement System trimmed its position in shares of JBG SMITH Properties (NYSE:JBGSGet Rating) by 2.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,099 shares of the company’s stock after selling 3,466 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.11% of JBG SMITH Properties worth $3,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. State Street Corp raised its position in JBG SMITH Properties by 12.1% during the first quarter. State Street Corp now owns 6,438,232 shares of the company’s stock valued at $188,125,000 after acquiring an additional 692,889 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of JBG SMITH Properties by 2,478.0% during the 1st quarter. Renaissance Technologies LLC now owns 443,424 shares of the company’s stock valued at $12,957,000 after purchasing an additional 426,224 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in shares of JBG SMITH Properties by 11.1% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 2,861,028 shares of the company’s stock valued at $67,636,000 after purchasing an additional 285,479 shares during the last quarter. Raymond James & Associates lifted its stake in shares of JBG SMITH Properties by 87.9% in the 1st quarter. Raymond James & Associates now owns 505,155 shares of the company’s stock valued at $14,761,000 after purchasing an additional 236,371 shares during the last quarter. Finally, JBF Capital Inc. boosted its holdings in JBG SMITH Properties by 27.9% in the first quarter. JBF Capital Inc. now owns 349,219 shares of the company’s stock worth $10,204,000 after purchasing an additional 76,219 shares in the last quarter. Institutional investors own 85.15% of the company’s stock.

Insider Buying and Selling at JBG SMITH Properties

In other news, CIO George Laucks Xanders sold 7,000 shares of the firm’s stock in a transaction on Friday, September 9th. The shares were sold at an average price of $22.38, for a total value of $156,660.00. Following the sale, the executive now owns 8,350 shares in the company, valued at $186,873. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Scott A. Estes acquired 10,000 shares of the stock in a transaction dated Tuesday, August 23rd. The shares were acquired at an average cost of $23.15 per share, for a total transaction of $231,500.00. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at approximately $1,157,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CIO George Laucks Xanders sold 7,000 shares of the firm’s stock in a transaction on Friday, September 9th. The stock was sold at an average price of $22.38, for a total value of $156,660.00. Following the completion of the transaction, the executive now directly owns 8,350 shares of the company’s stock, valued at $186,873. The disclosure for this sale can be found here. Insiders own 6.08% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on JBGS shares. TheStreet cut JBG SMITH Properties from a “c-” rating to a “d” rating in a research report on Wednesday, November 2nd. Evercore ISI reduced their target price on JBG SMITH Properties to $24.00 in a report on Thursday, October 13th.

JBG SMITH Properties Stock Down 3.4 %

JBG SMITH Properties stock opened at $19.38 on Tuesday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 48.45 and a beta of 0.93. The firm has a fifty day moving average price of $19.66 and a two-hundred day moving average price of $22.72. JBG SMITH Properties has a fifty-two week low of $17.39 and a fifty-two week high of $31.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.23 and a quick ratio of 5.23.

JBG SMITH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th will be paid a dividend of $0.225 per share. The ex-dividend date is Monday, November 7th. This represents a $0.90 annualized dividend and a yield of 4.64%. JBG SMITH Properties’s payout ratio is 225.01%.

About JBG SMITH Properties

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JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.

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Institutional Ownership by Quarter for JBG SMITH Properties (NYSE:JBGS)

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