Louisiana State Employees Retirement System Makes New Investment in JBG SMITH Properties (NYSE:JBGS)

Louisiana State Employees Retirement System acquired a new position in shares of JBG SMITH Properties (NYSE:JBGS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 43,600 shares of the company’s stock, valued at approximately $742,000.

Several other hedge funds have also recently bought and sold shares of JBGS. Allspring Global Investments Holdings LLC increased its holdings in shares of JBG SMITH Properties by 272.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,807 shares of the company’s stock worth $98,000 after purchasing an additional 4,981 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in shares of JBG SMITH Properties in the fourth quarter valued at approximately $171,000. Bfsg LLC acquired a new stake in shares of JBG SMITH Properties in the third quarter valued at approximately $177,000. Van ECK Associates Corp raised its position in shares of JBG SMITH Properties by 9.4% in the third quarter. Van ECK Associates Corp now owns 13,736 shares of the company’s stock valued at $199,000 after buying an additional 1,184 shares in the last quarter. Finally, Carmel Capital Partners LLC raised its position in shares of JBG SMITH Properties by 113.2% in the third quarter. Carmel Capital Partners LLC now owns 16,858 shares of the company’s stock valued at $244,000 after buying an additional 8,950 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

JBG SMITH Properties Stock Up 0.3 %

Shares of JBGS opened at $15.13 on Friday. JBG SMITH Properties has a one year low of $12.63 and a one year high of $18.17. The company has a market cap of $1.39 billion, a P/E ratio of -18.01 and a beta of 1.07. The company has a debt-to-equity ratio of 1.14, a current ratio of 3.33 and a quick ratio of 3.33. The firm has a 50 day simple moving average of $16.07 and a two-hundred day simple moving average of $15.65.

JBG SMITH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 10th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.70 annualized dividend and a yield of 4.63%. JBG SMITH Properties’s dividend payout ratio is currently -83.33%.

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.