New Mexico Educational Retirement Board Decreases Stock Position in JBG SMITH Properties (NYSE:JBGS)

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New Mexico Educational Retirement Board cut its holdings in JBG SMITH Properties (NYSE:JBGS) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,600 shares of the company’s stock after selling 1,300 shares during the period. New Mexico Educational Retirement Board’s holdings in JBG SMITH Properties were worth $810,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Quadrant Capital Group LLC increased its stake in shares of JBG SMITH Properties by 3,276.2% during the 1st quarter. Quadrant Capital Group LLC now owns 709 shares of the company’s stock valued at $28,000 after acquiring an additional 688 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of JBG SMITH Properties during the 1st quarter valued at about $41,000. Steward Partners Investment Advisory LLC acquired a new position in shares of JBG SMITH Properties during the 2nd quarter valued at about $54,000. Machina Capital S.A.S. increased its position in JBG SMITH Properties by 594.6% during the 2nd quarter. Machina Capital S.A.S. now owns 4,515 shares of the company’s stock worth $178,000 after purchasing an additional 3,865 shares in the last quarter. Finally, World Asset Management Inc acquired a new stake in JBG SMITH Properties during the 1st quarter worth approximately $211,000. 79.27% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on JBGS shares. Bank of America started coverage on JBG SMITH Properties in a research note on Thursday, August 15th. They set a “neutral” rating and a $42.00 target price for the company. Zacks Investment Research upgraded JBG SMITH Properties from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Tuesday, August 13th.

Shares of JBGS stock traded up $0.04 on Wednesday, hitting $37.80. 9,816 shares of the stock traded hands, compared to its average volume of 496,348. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.65 and a quick ratio of 3.65. The company has a market capitalization of $5.14 billion, a PE ratio of 21.85, a PEG ratio of 6.19 and a beta of 0.68. JBG SMITH Properties has a 1-year low of $33.30 and a 1-year high of $43.21. The company’s fifty day moving average is $38.84 and its 200 day moving average is $40.41.

JBG SMITH Properties (NYSE:JBGS) last issued its earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.13. JBG SMITH Properties had a return on equity of 1.45% and a net margin of 7.12%. The firm had revenue of $122.33 million for the quarter, compared to analyst estimates of $119.77 million. During the same period last year, the company earned $0.45 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. As a group, equities research analysts expect that JBG SMITH Properties will post 1.57 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Tuesday, August 13th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend was Monday, August 12th. JBG SMITH Properties’s dividend payout ratio is presently 52.02%.

About JBG SMITH Properties

JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.

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

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