California Public Employees Retirement System Lowers Stock Position in JBG SMITH Properties (NYSE:JBGS)

California Public Employees Retirement System cut its holdings in JBG SMITH Properties (NYSE:JBGSGet Rating) by 10.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,344 shares of the company’s stock after selling 26,604 shares during the quarter. California Public Employees Retirement System’s holdings in JBG SMITH Properties were worth $5,516,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. DekaBank Deutsche Girozentrale grew its holdings in JBG SMITH Properties by 4.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 26,562 shares of the company’s stock worth $627,000 after purchasing an additional 1,160 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of JBG SMITH Properties by 8.4% in the 2nd quarter. Treasurer of the State of North Carolina now owns 48,807 shares of the company’s stock worth $1,154,000 after buying an additional 3,799 shares during the last quarter. FDx Advisors Inc. increased its position in JBG SMITH Properties by 9.4% during the 1st quarter. FDx Advisors Inc. now owns 8,798 shares of the company’s stock valued at $257,000 after buying an additional 758 shares in the last quarter. Everett Harris & Co. CA raised its stake in JBG SMITH Properties by 12.6% during the second quarter. Everett Harris & Co. CA now owns 27,625 shares of the company’s stock valued at $653,000 after buying an additional 3,100 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new stake in JBG SMITH Properties in the second quarter worth $616,000. 85.15% of the stock is currently owned by institutional investors.

JBG SMITH Properties Stock Down 0.5 %

JBGS stock opened at $19.74 on Friday. The stock has a market capitalization of $2.25 billion, a P/E ratio of 49.35 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.23 and a quick ratio of 5.23. JBG SMITH Properties has a 1-year low of $17.39 and a 1-year high of $31.09. The business has a fifty day moving average price of $19.28 and a 200-day moving average price of $22.40.

JBG SMITH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Shareholders of record on Tuesday, November 8th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Monday, November 7th. JBG SMITH Properties’s dividend payout ratio is currently 225.01%.

Insider Activity

In related news, CIO George Laucks Xanders sold 7,000 shares of the stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $22.38, for a total transaction of $156,660.00. Following the transaction, the executive now owns 8,350 shares in the company, valued at $186,873. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other JBG SMITH Properties news, Director Robert Alexander Stewart sold 36,500 shares of the business’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $19.67, for a total transaction of $717,955.00. Following the completion of the sale, the director now directly owns 86,290 shares in the company, valued at approximately $1,697,324.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CIO George Laucks Xanders sold 7,000 shares of the stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $22.38, for a total transaction of $156,660.00. Following the completion of the transaction, the executive now owns 8,350 shares in the company, valued at approximately $186,873. The disclosure for this sale can be found here. Insiders own 6.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. TheStreet lowered JBG SMITH Properties from a “c-” rating to a “d” rating in a research report on Wednesday, November 2nd. Evercore ISI decreased their target price on shares of JBG SMITH Properties to $24.00 in a report on Thursday, October 13th.

JBG SMITH Properties Profile

(Get Rating)

JBG SMITH is an S&P 400 company that owns, operates, invests in and develops a dynamic portfolio of high-growth mixed-use properties in and around Washington, DC. Through an intense focus on placemaking, JBG SMITH cultivates vibrant, amenity-rich, walkable neighborhoods throughout the Capital region, including National Landing where it serves as the exclusive developer for Amazon's new headquarters.

See Also

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

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