Public Employees Retirement System of Ohio Invests $1.04 Million in JBG SMITH Properties $JBGS

Public Employees Retirement System of Ohio acquired a new stake in JBG SMITH Properties (NYSE:JBGS) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 70,666 shares of the company’s stock, valued at approximately $1,037,000. Public Employees Retirement System of Ohio owned about 0.12% of JBG SMITH Properties at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in JBG SMITH Properties by 32.1% during the first quarter. Royal Bank of Canada now owns 31,940 shares of the company’s stock worth $515,000 after buying an additional 7,759 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of JBG SMITH Properties in the 1st quarter valued at approximately $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of JBG SMITH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,480 shares of the company’s stock valued at $781,000 after acquiring an additional 2,118 shares during the period. Empowered Funds LLC boosted its stake in JBG SMITH Properties by 12.8% during the 1st quarter. Empowered Funds LLC now owns 17,555 shares of the company’s stock worth $283,000 after acquiring an additional 1,998 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in JBG SMITH Properties by 554.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 673,314 shares of the company’s stock valued at $10,847,000 after purchasing an additional 570,428 shares during the period. Institutional investors and hedge funds own 98.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on JBGS shares. Capital One Financial set a $13.00 target price on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Wall Street Zen raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings restated a “sell (d-)” rating on shares of JBG SMITH Properties in a research report on Friday. Finally, BMO Capital Markets reaffirmed an “underperform” rating on shares of JBG SMITH Properties in a research note on Tuesday, August 4th. Three investment analysts have rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus target price of $16.67.

JBG SMITH Properties Price Performance

NYSE JBGS opened at $11.44 on Wednesday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 4.89 and a current ratio of 4.89. The stock has a market cap of $669.86 million, a price-to-earnings ratio of -4.38 and a beta of 1.07. The business has a 50 day simple moving average of $13.26 and a 200 day simple moving average of $14.30. JBG SMITH Properties has a 52-week low of $10.77 and a 52-week high of $24.30.

JBG SMITH Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Thursday, August 13th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a $0.70 annualized dividend and a dividend yield of 6.1%. JBG SMITH Properties’s dividend payout ratio is currently -26.82%.

JBG SMITH Properties Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.