New York State Teachers Retirement System Sells 2,127 Shares of JBG SMITH Properties (NYSE:JBGS)

New York State Teachers Retirement System reduced its holdings in shares of JBG SMITH Properties (NYSE:JBGS) by 1.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 131,031 shares of the company’s stock after selling 2,127 shares during the period. New York State Teachers Retirement System’s holdings in JBG SMITH Properties were worth $2,229,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its stake in shares of JBG SMITH Properties by 817.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,313 shares of the company’s stock worth $43,000 after acquiring an additional 2,061 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of JBG SMITH Properties by 65.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,117 shares of the company’s stock valued at $92,000 after buying an additional 2,426 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of JBG SMITH Properties by 272.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,807 shares of the company’s stock valued at $98,000 after buying an additional 4,981 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of JBG SMITH Properties in the 2nd quarter valued at approximately $133,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of JBG SMITH Properties in the 2nd quarter valued at approximately $139,000. 98.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Evercore ISI cut their price objective on JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating for the company in a report on Wednesday, April 10th.

JBG SMITH Properties Trading Down 2.3 %

NYSE JBGS opened at $14.59 on Wednesday. The company has a market cap of $1.34 billion, a PE ratio of -17.37 and a beta of 1.07. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 1.14. JBG SMITH Properties has a 12 month low of $12.63 and a 12 month high of $18.17. The stock has a 50 day moving average of $16.33 and a 200-day moving average of $15.60.

JBG SMITH Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend was Thursday, February 29th. JBG SMITH Properties’s dividend payout ratio is -83.33%.

JBG SMITH Properties 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.