New York State Teachers Retirement System Sells 2,127 Shares of JBG SMITH Properties (NYSE:JBGS)

New York State Teachers Retirement System lowered its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 131,031 shares of the company’s stock after selling 2,127 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of JBG SMITH Properties worth $2,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wellington Management Group LLP bought a new stake in JBG SMITH Properties in the 3rd quarter valued at $16,385,000. Illinois Municipal Retirement Fund bought a new stake in JBG SMITH Properties in the 3rd quarter valued at $786,000. UBS Group AG increased its holdings in JBG SMITH Properties by 57.3% in the 3rd quarter. UBS Group AG now owns 1,029,631 shares of the company’s stock valued at $14,888,000 after buying an additional 375,197 shares during the period. Blair William & Co. IL increased its holdings in JBG SMITH Properties by 164.1% in the 3rd quarter. Blair William & Co. IL now owns 51,500 shares of the company’s stock valued at $745,000 after buying an additional 32,000 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in JBG SMITH Properties by 5.0% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 137,741 shares of the company’s stock valued at $1,992,000 after buying an additional 6,540 shares during the period. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Stock Down 2.3 %

JBGS opened at $14.59 on Wednesday. The firm’s 50-day simple moving average is $16.33 and its 200-day simple moving average is $15.60. The company has a debt-to-equity ratio of 1.14, a quick ratio of 3.33 and a current ratio of 3.33. JBG SMITH Properties has a twelve month low of $12.63 and a twelve month high of $18.17. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -17.37 and a beta of 1.07.

JBG SMITH Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.80%. The ex-dividend date of this dividend was Thursday, February 29th. JBG SMITH Properties’s payout ratio is -83.33%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI lowered their price target on shares of JBG SMITH Properties from $16.00 to $14.50 and set an “underperform” rating on the stock in a report on Wednesday, April 10th.

JBG SMITH Properties Company Profile

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.