Arizona State Retirement System Sells 2,675 Shares of JBG SMITH Properties (NYSE:JBGS)

Arizona State Retirement System lowered its holdings in JBG SMITH Properties (NYSE:JBGS) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,471 shares of the company’s stock after selling 2,675 shares during the quarter. Arizona State Retirement System’s holdings in JBG SMITH Properties were worth $467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JBGS. Norges Bank bought a new stake in JBG SMITH Properties in the fourth quarter valued at about $180,521,000. BlackRock Inc. increased its stake in JBG SMITH Properties by 44.1% in the first quarter. BlackRock Inc. now owns 18,460,932 shares of the company’s stock valued at $278,022,000 after acquiring an additional 5,653,234 shares during the period. Deutsche Bank AG increased its stake in JBG SMITH Properties by 11,938.2% in the first quarter. Deutsche Bank AG now owns 2,954,178 shares of the company’s stock valued at $44,490,000 after acquiring an additional 2,929,638 shares during the period. Sessa Capital IM L.P. bought a new stake in JBG SMITH Properties during the fourth quarter worth about $37,595,000. Finally, Morgan Stanley grew its stake in JBG SMITH Properties by 55.0% during the fourth quarter. Morgan Stanley now owns 4,715,418 shares of the company’s stock worth $89,499,000 after buying an additional 1,673,403 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

Shares of JBG SMITH Properties stock opened at $14.84 on Friday. 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 stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -17.67 and a beta of 1.07. JBG SMITH Properties has a 1-year low of $12.63 and a 1-year high of $18.17. The firm’s 50-day moving average price is $16.21 and its two-hundred day moving average price is $15.61.

JBG SMITH Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.70 annualized dividend and a yield of 4.72%. JBG SMITH Properties’s dividend payout ratio is -83.33%.

Analyst Ratings Changes

Separately, Evercore ISI decreased their price objective on shares of JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating on the stock in a research note on Wednesday, April 10th.

About JBG SMITH Properties

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.