Arizona State Retirement System increased its holdings in JBG SMITH Properties (NYSE:JBGS) by 18.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 76,896 shares of the company’s stock after purchasing an additional 12,200 shares during the period. Arizona State Retirement System owned approximately 0.06% of JBG SMITH Properties worth $2,832,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in JBGS. Westbourne Investment Advisors Inc. bought a new stake in JBG SMITH Properties in the third quarter worth $108,000. US Bancorp DE increased its position in JBG SMITH Properties by 129.9% in the second quarter. US Bancorp DE now owns 3,058 shares of the company’s stock worth $112,000 after purchasing an additional 1,728 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in JBG SMITH Properties in the third quarter worth $217,000. Gideon Capital Advisors Inc. bought a new stake in JBG SMITH Properties in the second quarter worth $221,000. Finally, Wilbanks Smith & Thomas Asset Management LLC bought a new stake in JBG SMITH Properties in the second quarter worth $238,000. Institutional investors own 78.50% of the company’s stock.
NYSE JBGS opened at $39.04 on Friday. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.69. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 22.67 and a beta of -0.02. JBG SMITH Properties has a 52 week low of $30.86 and a 52 week high of $40.39.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Tuesday, November 13th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Friday, November 9th.
Several brokerages recently weighed in on JBGS. Zacks Investment Research upgraded shares of JBG SMITH Properties from a “sell” rating to a “hold” rating in a research report on Friday, August 31st. ValuEngine raised shares of JBG SMITH Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th. Finally, Stifel Nicolaus raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $34.00 to $37.00 in a research note on Monday, October 22nd.
In other JBG SMITH Properties news, insider James Lee Iker sold 23,836 shares of JBG SMITH Properties stock in a transaction on Monday, November 5th. The shares were sold at an average price of $39.35, for a total transaction of $937,946.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.33% of the stock is owned by insiders.
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About JBG SMITH Properties
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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