State Board of Administration of Florida Retirement System Has $5.98 Million Stock Position in JBG SMITH Properties (NYSE:JBGS)

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State Board of Administration of Florida Retirement System grew its position in shares of JBG SMITH Properties (NYSE:JBGS) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,987 shares of the company’s stock after acquiring an additional 2,206 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.11% of JBG SMITH Properties worth $5,979,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. 6 Meridian boosted its position in JBG SMITH Properties by 2.0% in the second quarter. 6 Meridian now owns 12,974 shares of the company’s stock worth $510,000 after purchasing an additional 256 shares during the last quarter. Bank of Montreal Can boosted its stake in JBG SMITH Properties by 4.0% during the 1st quarter. Bank of Montreal Can now owns 7,010 shares of the company’s stock valued at $289,000 after purchasing an additional 269 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its stake in JBG SMITH Properties by 4.5% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 7,047 shares of the company’s stock valued at $291,000 after purchasing an additional 301 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of JBG SMITH Properties by 1.8% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,438 shares of the company’s stock worth $804,000 after buying an additional 342 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY boosted its stake in shares of JBG SMITH Properties by 1.0% in the 1st quarter. Metropolitan Life Insurance Co NY now owns 37,206 shares of the company’s stock worth $1,538,000 after buying an additional 380 shares during the last quarter. 79.27% of the stock is owned by hedge funds and other institutional investors.

NYSE:JBGS opened at $37.60 on Thursday. The company has a quick ratio of 3.65, a current ratio of 3.65 and a debt-to-equity ratio of 0.48. The business’s 50-day simple moving average is $38.79 and its two-hundred day simple moving average is $40.40. The stock has a market cap of $5.15 billion, a PE ratio of 21.73, a P/E/G ratio of 6.21 and a beta of 0.68. JBG SMITH Properties has a 52 week low of $33.30 and a 52 week high of $43.21.

JBG SMITH Properties (NYSE:JBGS) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.13. The business had revenue of $122.33 million for the quarter, compared to analysts’ expectations of $119.77 million. JBG SMITH Properties had a return on equity of 1.45% and a net margin of 7.12%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that JBG SMITH Properties will post 1.57 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 26th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.225 per share. The ex-dividend date was Monday, August 12th. This represents a $0.90 dividend on an annualized basis and a yield of 2.39%. JBG SMITH Properties’s dividend payout ratio is presently 52.02%.

A number of research firms have recently issued reports on JBGS. Zacks Investment Research upgraded JBG SMITH Properties from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, August 13th. Bank of America began coverage on JBG SMITH Properties in a research report on Thursday, August 15th. They set a “neutral” rating and a $42.00 target price on the stock.

JBG SMITH Properties Company Profile

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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