Maryland State Retirement & Pension System Cuts Stock Holdings in JBG SMITH Properties (NYSE:JBGS)

Maryland State Retirement & Pension System lowered its position in JBG SMITH Properties (NYSE:JBGS) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,449 shares of the company’s stock after selling 710 shares during the period. Maryland State Retirement & Pension System’s holdings in JBG SMITH Properties were worth $437,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in JBGS. KBC Group NV boosted its position in JBG SMITH Properties by 64.9% in the fourth quarter. KBC Group NV now owns 5,677 shares of the company’s stock worth $87,000 after purchasing an additional 2,234 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in JBG SMITH Properties during the fourth quarter valued at about $194,000. Wolverine Trading LLC bought a new position in JBG SMITH Properties during the third quarter valued at about $239,000. Empowered Funds LLC purchased a new stake in JBG SMITH Properties during the fourth quarter worth about $239,000. Finally, Verition Fund Management LLC bought a new stake in JBG SMITH Properties in the third quarter worth about $268,000. 98.46% of the stock is owned by institutional investors.

JBG SMITH Properties Stock Down 0.9 %

Shares of NYSE JBGS opened at $15.72 on Wednesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.73 and a quick ratio of 3.87. The stock has a market capitalization of $1.29 billion, a PE ratio of -9.41 and a beta of 1.12. JBG SMITH Properties has a one year low of $13.65 and a one year high of $18.86. The business’s fifty day moving average price is $15.18 and its 200-day moving average price is $16.20.

JBG SMITH Properties (NYSE:JBGS) last issued its earnings results on Tuesday, February 18th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.52. JBG SMITH Properties had a negative net margin of 26.22% and a negative return on equity of 7.26%. The firm had revenue of $108.43 million during the quarter, compared to analyst estimates of $116.31 million.

Analyst Ratings Changes

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

JBG SMITH Properties Profile

JBG SMITH Properties is a real estate investment trust, which engages in owning, operating, investing in, and developing a portfolio of mixed-use properties. It operates through the following segments: Multifamily, Commercial, and Other. The Multifamily segment refers to the commercial buildings with public areas, retail spaces, and walkable streets.