Nisa Investment Advisors LLC Reduces Position in JBG SMITH Properties (NYSE:JBGS)

Nisa Investment Advisors LLC decreased its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 9.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 43,431 shares of the company’s stock after selling 4,569 shares during the quarter. Nisa Investment Advisors LLC’s holdings in JBG SMITH Properties were worth $739,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Yousif Capital Management LLC boosted its holdings in shares of JBG SMITH Properties by 1.1% during the first quarter. Yousif Capital Management LLC now owns 61,597 shares of the company’s stock worth $1,800,000 after purchasing an additional 655 shares during the last quarter. Worth Venture Partners LLC boosted its holdings in shares of JBG SMITH Properties by 11.3% during the first quarter. Worth Venture Partners LLC now owns 7,900 shares of the company’s stock worth $231,000 after purchasing an additional 800 shares during the last quarter. Natixis Advisors L.P. boosted its holdings in shares of JBG SMITH Properties by 4.9% during the second quarter. Natixis Advisors L.P. now owns 18,878 shares of the company’s stock worth $446,000 after purchasing an additional 885 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of JBG SMITH Properties by 9.4% during the third quarter. Van ECK Associates Corp now owns 13,736 shares of the company’s stock worth $199,000 after purchasing an additional 1,184 shares during the last quarter. Finally, abrdn plc boosted its holdings in JBG SMITH Properties by 6.2% in the third quarter. abrdn plc now owns 22,618 shares of the company’s stock valued at $327,000 after acquiring an additional 1,313 shares during the last quarter. Hedge funds and other institutional investors own 98.46% of the company’s stock.

Wall Street Analyst Weigh In

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

JBG SMITH Properties Price Performance

Shares of JBG SMITH Properties stock opened at $14.59 on Wednesday. JBG SMITH Properties has a twelve month low of $12.63 and a twelve month high of $18.17. The stock has a market capitalization of $1.34 billion, a P/E 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. The business’s fifty day moving average price is $16.33 and its 200 day moving average price is $15.60.

JBG SMITH Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Thursday, February 29th. JBG SMITH Properties’s payout ratio is currently -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.