Illinois Municipal Retirement Fund Sells 2,758 Shares of JBG SMITH Properties (NYSE:JBGS)

Illinois Municipal Retirement Fund lessened its position in JBG SMITH Properties (NYSE:JBGS) by 5.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,579 shares of the company’s stock after selling 2,758 shares during the period. Illinois Municipal Retirement Fund’s holdings in JBG SMITH Properties were worth $877,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JBGS. Wellington Management Group LLP bought a new position in JBG SMITH Properties during the third quarter valued at approximately $16,385,000. UBS Group AG raised its position in JBG SMITH Properties by 57.3% in the third quarter. UBS Group AG now owns 1,029,631 shares of the company’s stock worth $14,888,000 after acquiring an additional 375,197 shares during the period. Private Management Group Inc. raised its position in JBG SMITH Properties by 6.1% in the third quarter. Private Management Group Inc. now owns 1,655,877 shares of the company’s stock worth $23,944,000 after acquiring an additional 95,325 shares during the period. Charles Schwab Investment Management Inc. raised its position in JBG SMITH Properties by 4.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,924,235 shares of the company’s stock worth $27,824,000 after acquiring an additional 87,645 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of JBG SMITH Properties in the fourth quarter worth $742,000. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

Shares of NYSE JBGS opened at $15.13 on Monday. The firm has a fifty day moving average price of $16.07 and a 200-day moving average price of $15.65. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.33 and a quick ratio of 3.33. JBG SMITH Properties has a 1 year low of $12.63 and a 1 year high of $18.17.

JBG SMITH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.70 dividend on an annualized basis and a yield of 4.63%. JBG SMITH Properties’s dividend payout ratio is currently -83.33%.

Wall Street Analyst Weigh In

Separately, Evercore ISI reduced their price objective on shares of JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating for the company 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.