Pictet Asset Management Ltd. increased its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 38.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 17,900 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Pictet Asset Management Ltd.’s holdings in JBG SMITH Properties were worth $740,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of JBGS. Norges Bank purchased a new position in JBG SMITH Properties during the 4th quarter valued at $255,294,000. Deutsche Bank AG boosted its holdings in JBG SMITH Properties by 236.2% during the 4th quarter. Deutsche Bank AG now owns 2,655,954 shares of the company’s stock valued at $92,450,000 after acquiring an additional 1,866,026 shares during the period. Massachusetts Institute of Technology purchased a new position in JBG SMITH Properties during the 4th quarter valued at $59,884,000. Oregon Public Employees Retirement Fund boosted its holdings in JBG SMITH Properties by 3,734.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,502,086 shares of the company’s stock valued at $43,000 after acquiring an additional 1,462,915 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in JBG SMITH Properties by 9.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,587,449 shares of the company’s stock valued at $189,691,000 after acquiring an additional 413,697 shares during the period. Institutional investors own 75.92% of the company’s stock.
Separately, Zacks Investment Research cut JBG SMITH Properties from a “strong-buy” rating to a “sell” rating in a report on Wednesday, March 6th.
Shares of JBGS stock opened at $40.03 on Thursday. JBG SMITH Properties has a twelve month low of $33.30 and a twelve month high of $43.21. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 23.14 and a beta of 0.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.57 and a quick ratio of 4.57.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Monday, May 13th were paid a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, May 10th. JBG SMITH Properties’s dividend payout ratio (DPR) is currently 52.02%.
In other news, Director Michael J. Glosserman sold 20,000 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $41.50, for a total value of $830,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael J. Glosserman sold 58,437 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $40.92, for a total value of $2,391,242.04. The disclosure for this sale can be found here. Insiders have sold a total of 138,437 shares of company stock valued at $5,661,442 over the last 90 days. 8.92% of the stock is currently owned by company insiders.
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. It operates in three segments: commercial, multifamily, and third-party asset management and real estate services. The company owns and operates a portfolio of commercial, multifamily, and retail assets, as well as provides fee-based real estate services.
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