Illinois Municipal Retirement Fund Purchases 5,856 Shares of JBG SMITH Properties (NYSE:JBGS)

Illinois Municipal Retirement Fund lifted its position in shares of JBG SMITH Properties (NYSE:JBGS) by 13.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,883 shares of the company’s stock after buying an additional 5,856 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of JBG SMITH Properties worth $751,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JBGS. Mirae Asset Global Investments Co. Ltd. lifted its stake in JBG SMITH Properties by 30.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,262 shares of the company’s stock worth $57,000 after acquiring an additional 753 shares during the period. KBC Group NV lifted its position in shares of JBG SMITH Properties by 64.9% in the 4th 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 period. Wolverine Trading LLC purchased a new stake in shares of JBG SMITH Properties in the 3rd quarter worth approximately $239,000. Empowered Funds LLC bought a new position in shares of JBG SMITH Properties during the fourth quarter valued at approximately $239,000. Finally, Verition Fund Management LLC purchased a new position in JBG SMITH Properties during the third quarter valued at approximately $268,000. Institutional investors own 98.46% of the company’s stock.

JBG SMITH Properties Price Performance

JBGS opened at $15.06 on Tuesday. The firm has a market capitalization of $1.24 billion, a PE ratio of -9.02 and a beta of 1.11. 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 business’s 50-day moving average is $15.21 and its two-hundred day moving average is $16.45. JBG SMITH Properties has a 1 year low of $13.65 and a 1 year high of $18.86.

JBG SMITH Properties (NYSE:JBGS) last issued its quarterly earnings data on Tuesday, February 18th. The company reported $0.14 earnings per share (EPS) 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 for the quarter, compared to the consensus estimate of $116.31 million.

JBG SMITH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Monday, December 30th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Monday, December 30th. JBG SMITH Properties’s payout ratio is presently -41.92%.

Wall Street Analysts Forecast Growth

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

About JBG SMITH Properties

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.