Standard Life Aberdeen plc bought a new position in JBG SMITH Properties (NYSE:JBGS) during the second quarter, Holdings Channel reports. The fund bought 103,049 shares of the company’s stock, valued at approximately $3,758,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of JBG SMITH Properties by 129.9% in the 2nd quarter. US Bancorp DE now owns 3,058 shares of the company’s stock worth $112,000 after acquiring an additional 1,728 shares during the last quarter. Gideon Capital Advisors Inc. acquired a new position in shares of JBG SMITH Properties in the 2nd quarter worth $221,000. United Capital Financial Advisers LLC acquired a new position in shares of JBG SMITH Properties in the 1st quarter worth $230,000. Wilbanks Smith & Thomas Asset Management LLC acquired a new position in shares of JBG SMITH Properties in the 2nd quarter worth $238,000. Finally, Bbva Compass Bancshares Inc. acquired a new position in shares of JBG SMITH Properties in the 2nd quarter worth $262,000. Institutional investors and hedge funds own 78.71% of the company’s stock.
A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded JBG SMITH Properties from a “sell” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus started coverage on JBG SMITH Properties in a report on Thursday, June 21st. They issued a “sell” rating and a $34.00 target price on the stock.
Shares of JBG SMITH Properties stock opened at $36.84 on Friday. The firm has a market capitalization of $4.45 billion, a PE ratio of 20.65 and a beta of 0.05. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.69. JBG SMITH Properties has a 12 month low of $30.79 and a 12 month high of $38.91.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 27th. Stockholders of record on Tuesday, August 14th were given a $0.225 dividend. The ex-dividend date was Monday, August 13th. This represents a $0.90 annualized dividend and a dividend yield of 2.44%.
In other news, Director University Yale sold 40,533 shares of the firm’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $38.12, for a total value of $1,545,117.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.33% of the company’s stock.
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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