JBG SMITH Properties Sees Unusually High Options Volume (JBGS)

JBG SMITH Properties (NYSE:JBGS) was the target of unusually large options trading activity on Monday. Investors purchased 2,667 call options on the company. This is an increase of approximately 2,179% compared to the typical daily volume of 117 call options.

Shares of NYSE:JBGS opened at $39.04 on Tuesday. JBG SMITH Properties has a 52 week low of $30.86 and a 52 week high of $40.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.41 and a current ratio of 3.41. The firm has a market capitalization of $4.51 billion, a PE ratio of 20.92 and a beta of -0.02.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Tuesday, November 13th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Friday, November 9th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.31%.

In related news, CIO James Lee Iker sold 23,837 shares of the business’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $37.54, for a total transaction of $894,840.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 13.33% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in JBGS. Wells Fargo & Company MN raised its holdings in shares of JBG SMITH Properties by 467.4% in the first quarter. Wells Fargo & Company MN now owns 78,044 shares of the company’s stock valued at $2,630,000 after buying an additional 99,287 shares during the last quarter. UBS Group AG raised its holdings in JBG SMITH Properties by 2.9% during the 1st quarter. UBS Group AG now owns 141,211 shares of the company’s stock worth $4,760,000 after purchasing an additional 4,040 shares during the last quarter. Millennium Management LLC raised its holdings in JBG SMITH Properties by 238.6% during the 1st quarter. Millennium Management LLC now owns 133,372 shares of the company’s stock worth $4,496,000 after purchasing an additional 93,980 shares during the last quarter. Principal Financial Group Inc. raised its holdings in JBG SMITH Properties by 5.0% during the 1st quarter. Principal Financial Group Inc. now owns 403,805 shares of the company’s stock worth $13,612,000 after purchasing an additional 19,338 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in JBG SMITH Properties by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 46,113 shares of the company’s stock worth $1,681,000 after purchasing an additional 20,497 shares during the last quarter. 78.50% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. ValuEngine downgraded shares of JBG SMITH Properties from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Finally, Stifel Nicolaus upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating and lifted their price target for the stock from $34.00 to $37.00 in a research note on Monday, October 22nd.

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JBG SMITH Properties Company 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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