State of Alaska Department of Revenue Sells 3,810 Shares of JBG SMITH Properties (NYSE:JBGS)

State of Alaska Department of Revenue cut its holdings in JBG SMITH Properties (NYSE:JBGSFree Report) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,451 shares of the company’s stock after selling 3,810 shares during the period. State of Alaska Department of Revenue owned about 0.11% of JBG SMITH Properties worth $1,562,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in JBG SMITH Properties during the fourth quarter valued at $102,535,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of JBG SMITH Properties by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,947,011 shares of the company’s stock worth $33,119,000 after acquiring an additional 22,776 shares during the period. Wellington Management Group LLP boosted its holdings in shares of JBG SMITH Properties by 13.6% in the fourth quarter. Wellington Management Group LLP now owns 1,286,706 shares of the company’s stock worth $21,887,000 after acquiring an additional 153,552 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of JBG SMITH Properties by 5.0% in the third quarter. Public Employees Retirement System of Ohio now owns 137,741 shares of the company’s stock worth $1,992,000 after acquiring an additional 6,540 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of JBG SMITH Properties by 289.8% in the fourth quarter. Victory Capital Management Inc. now owns 64,341 shares of the company’s stock worth $1,094,000 after acquiring an additional 47,835 shares during the period. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Price Performance

JBG SMITH Properties stock opened at $15.68 on Tuesday. JBG SMITH Properties has a one year low of $12.63 and a one year high of $18.17. The business has a fifty day moving average price of $14.70 and a 200-day moving average price of $15.78. The company has a debt-to-equity ratio of 1.17, a current ratio of 3.60 and a quick ratio of 3.60. The firm has a market capitalization of $1.39 billion, a P/E ratio of -11.28 and a beta of 1.10.

JBG SMITH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.46%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -50.36%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI cut their price target 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.

Check Out Our Latest Analysis on JBGS

About JBG SMITH Properties

(Free Report)

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.

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Institutional Ownership by Quarter for JBG SMITH Properties (NYSE:JBGS)

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