California Public Employees Retirement System Sells 2,252 Shares of JBG SMITH Properties (NYSE:JBGS)

California Public Employees Retirement System trimmed its holdings in shares of JBG SMITH Properties (NYSE:JBGS – Get Rating) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 282,047 shares of the company’s stock after selling 2,252 shares during the quarter. California Public Employees Retirement System owned about 0.25% of JBG SMITH Properties worth $5,353,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Xponance Inc. increased its holdings in JBG SMITH Properties by 11.4% in the 4th quarter. Xponance Inc. now owns 13,299 shares of the company’s stock valued at $252,000 after buying an additional 1,360 shares during the period. Brown Advisory Inc. increased its holdings in JBG SMITH Properties by 0.4% in the 3rd quarter. Brown Advisory Inc. now owns 333,148 shares of the company’s stock valued at $6,190,000 after buying an additional 1,264 shares during the period. Echo Street Capital Management LLC bought a new position in JBG SMITH Properties in the 3rd quarter valued at about $1,627,000. State of New Jersey Common Pension Fund D increased its holdings in JBG SMITH Properties by 11.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 104,863 shares of the company’s stock valued at $1,948,000 after buying an additional 10,645 shares during the period. Finally, Aigen Investment Management LP increased its holdings in JBG SMITH Properties by 387.0% in the 3rd quarter. Aigen Investment Management LP now owns 83,494 shares of the company’s stock valued at $1,551,000 after buying an additional 66,351 shares during the period. 85.00% of the stock is owned by institutional investors.

JBG SMITH Properties Trading Up 0.7 %

Shares of JBG SMITH Properties stock opened at $15.11 on Friday. The firm’s 50 day moving average is $14.47 and its 200 day moving average is $17.54. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 0.86. JBG SMITH Properties has a 1 year low of $13.37 and a 1 year high of $26.95. The firm has a market capitalization of $1.68 billion, a PE ratio of 17.37 and a beta of 0.97.

JBG SMITH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 23rd will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a $0.90 annualized dividend and a yield of 5.96%. JBG SMITH Properties’s dividend payout ratio is presently 103.45%.

Insider Buying and Selling

In related news, CFO Madhumita Moina Banerjee sold 41,751 shares of JBG SMITH Properties stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $18.14, for a total transaction of $757,363.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

JBGS has been the topic of several research reports. Evercore ISI decreased their price target on shares of JBG SMITH Properties from $20.00 to $19.00 in a report on Monday, March 27th. TheStreet raised shares of JBG SMITH Properties from a “d” rating to a “c-” rating in a report on Friday, May 12th.

JBG SMITH Properties Company Profile

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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: Commercial, Multifamily, and Third-Party Asset Management and Real Estate Services. The Commercial segment rentals to federal government tenants.