State of Alaska Department of Revenue Reduces Stake in JBG SMITH Properties (NYSE:JBGS)

State of Alaska Department of Revenue decreased its stake in JBG SMITH Properties (NYSE:JBGS) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,061 shares of the company’s stock after selling 1,906 shares during the period. State of Alaska Department of Revenue’s holdings in JBG SMITH Properties were worth $1,337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Citigroup Inc. lifted its position in shares of JBG SMITH Properties by 1.1% in the 3rd quarter. Citigroup Inc. now owns 2,924,226 shares of the company’s stock worth $51,115,000 after purchasing an additional 32,027 shares during the period. Charles Schwab Investment Management Inc. grew its position in JBG SMITH Properties by 5.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,174,494 shares of the company’s stock valued at $38,010,000 after buying an additional 105,384 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in JBG SMITH Properties by 430.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 612,799 shares of the company’s stock valued at $10,712,000 after purchasing an additional 497,288 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of JBG SMITH Properties by 33.4% in the third quarter. Jane Street Group LLC now owns 358,976 shares of the company’s stock worth $6,275,000 after buying an additional 89,812 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in JBG SMITH Properties by 4.1% during the third quarter. Public Employees Retirement System of Ohio now owns 126,812 shares of the company’s stock valued at $2,217,000 after purchasing an additional 5,043 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

Analysts Set New Price Targets

Separately, BMO Capital Markets cut shares of JBG SMITH Properties from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $18.00 to $15.00 in a research report on Tuesday, December 3rd.

JBG SMITH Properties Stock Performance

JBGS stock opened at $14.95 on Thursday. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of -11.50 and a beta of 1.11. The firm has a 50-day simple moving average of $15.46 and a two-hundred day simple moving average of $16.58. JBG SMITH Properties has a one year low of $13.65 and a one year high of $18.86. The company has a debt-to-equity ratio of 1.38, a quick ratio of 3.87 and a current ratio of 3.87.

JBG SMITH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Monday, December 30th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 4.68%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s payout ratio is currently -53.85%.

About JBG SMITH Properties

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.