California State Teachers Retirement System Lowers Stock Position in JBG SMITH Properties (NYSE:JBGS)

California State Teachers Retirement System cut its position in shares of JBG SMITH Properties (NYSE:JBGS) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,776 shares of the company’s stock after selling 2,690 shares during the period. California State Teachers Retirement System owned 0.09% of JBG SMITH Properties worth $1,180,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC raised its position in shares of JBG SMITH Properties by 7.8% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,299,260 shares of the company’s stock worth $35,340,000 after purchasing an additional 167,191 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of JBG SMITH Properties by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,220,008 shares of the company’s stock worth $34,122,000 after purchasing an additional 45,514 shares during the last quarter. Northern Trust Corp raised its position in shares of JBG SMITH Properties by 75.8% during the 4th quarter. Northern Trust Corp now owns 1,631,630 shares of the company’s stock worth $25,078,000 after purchasing an additional 703,538 shares during the last quarter. Natixis raised its position in shares of JBG SMITH Properties by 0.9% during the 4th quarter. Natixis now owns 1,008,840 shares of the company’s stock worth $15,506,000 after purchasing an additional 8,840 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of JBG SMITH Properties by 12.6% during the 4th quarter. JPMorgan Chase & Co. now owns 741,071 shares of the company’s stock worth $11,390,000 after purchasing an additional 82,779 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Evercore ISI upped their price target on shares of JBG SMITH Properties from $16.00 to $17.00 and gave the stock an “underperform” rating in a research report on Monday, May 19th.

JBG SMITH Properties Stock Down 2.5%

JBGS stock opened at $17.42 on Tuesday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -10.43 and a beta of 1.25. The company has a current ratio of 3.73, a quick ratio of 3.87 and a debt-to-equity ratio of 1.42. JBG SMITH Properties has a 12 month low of $13.28 and a 12 month high of $18.86. The firm has a 50-day moving average of $15.79 and a two-hundred day moving average of $15.59.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.51. The company had revenue of $120.69 million during the quarter, compared to the consensus estimate of $124.35 million. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%.

JBG SMITH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Shareholders of record on Thursday, May 8th were issued a $0.175 dividend. The ex-dividend date was Thursday, May 8th. This represents a $0.70 dividend on an annualized basis and a yield of 4.02%. JBG SMITH Properties’s payout ratio is -37.43%.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.