Teacher Retirement System of Texas Makes New Investment in JBG SMITH Properties (NYSE:JBGS)

Teacher Retirement System of Texas acquired a new position in shares of JBG SMITH Properties (NYSE:JBGS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 11,751 shares of the company’s stock, valued at approximately $189,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its stake in shares of JBG SMITH Properties by 49.3% in the 4th quarter. Intech Investment Management LLC now owns 34,175 shares of the company’s stock valued at $525,000 after purchasing an additional 11,289 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of JBG SMITH Properties by 34.5% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 44,367 shares of the company’s stock valued at $682,000 after purchasing an additional 11,376 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of JBG SMITH Properties in the 4th quarter valued at $245,000. EntryPoint Capital LLC bought a new position in shares of JBG SMITH Properties in the 4th quarter valued at $297,000. Finally, Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of JBG SMITH Properties by 54.0% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,189 shares of the company’s stock valued at $341,000 after purchasing an additional 7,784 shares during the last quarter. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Trading Down 0.2%

Shares of JBGS opened at $18.12 on Monday. JBG SMITH Properties has a 52-week low of $13.28 and a 52-week high of $18.86. The business’s fifty day moving average is $17.42 and its 200-day moving average is $15.94. The company has a debt-to-equity ratio of 1.60, a quick ratio of 3.40 and a current ratio of 3.40. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -9.69 and a beta of 1.24.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.51. JBG SMITH Properties had a negative return on equity of 8.59% and a negative net margin of 30.02%. The company had revenue of $120.69 million for the quarter, compared to the consensus estimate of $124.35 million.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 22nd. Investors of record on Thursday, May 8th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Thursday, May 8th. JBG SMITH Properties’s dividend payout ratio (DPR) is -37.43%.

Analysts Set New Price Targets

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

JBG SMITH Properties 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.