Prudential Financial Inc. increased its stake in shares of JBG Smith (NYSE:JBGS) by 2.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,171,962 shares of the company’s stock after acquiring an additional 32,319 shares during the period. Prudential Financial Inc. owned approximately 0.99% of JBG Smith worth $39,506,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in JBGS. Swiss National Bank raised its position in shares of JBG Smith by 1.8% in the 4th quarter. Swiss National Bank now owns 161,058 shares of the company’s stock valued at $5,594,000 after purchasing an additional 2,900 shares in the last quarter. Spinnaker Capital LLC acquired a new position in shares of JBG Smith in the 4th quarter valued at approximately $892,000. Trustees of Princeton University acquired a new position in shares of JBG Smith in the 4th quarter valued at approximately $77,546,000. Parafestas Anastasios acquired a new position in shares of JBG Smith in the 4th quarter valued at approximately $5,034,000. Finally, Teacher Retirement System of Texas raised its position in shares of JBG Smith by 318.2% in the 4th quarter. Teacher Retirement System of Texas now owns 32,617 shares of the company’s stock valued at $1,133,000 after purchasing an additional 24,817 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
In other JBG Smith news, Director Carol A. Melton bought 2,500 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were bought at an average cost of $33.92 per share, with a total value of $84,800.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 13.33% of the company’s stock.
Shares of JBG Smith opened at $36.87 on Monday, according to Marketbeat. JBG Smith has a 52-week low of $30.01 and a 52-week high of $37.75. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.71.
JBG Smith (NYSE:JBGS) last announced its earnings results on Monday, March 12th. The company reported ($0.15) earnings per share (EPS) for the quarter. JBG Smith had a negative net margin of 13.41% and a negative return on equity of 2.82%. The business had revenue of $156.37 million during the quarter.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Monday, May 14th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, May 11th.
JBG Smith Profile
JBG SMITH Properties, a real estate investment trust (REIT), owns, operates, invests in, and develops real estate assets in Washington, the United States. The company's assets consist of office, multifamily, and retail properties. As of December 31, 2017, its operating portfolio consisted of 69 operating assets comprising 51 office assets, 14 multifamily assets, and 4 other assets.
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