recently disclosed that they own a 5% stake in JBG SMITH Properties (NYSE:JBGS) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission on Friday, January 5th. The investor owns 5,905,376 shares of the stock valued at $198,834,010. The disclosure is available through EDGAR at this link.
Other hedge funds also recently bought and sold shares of the company. Group One Trading L.P. acquired a new stake in JBG SMITH Properties during the 3rd quarter valued at approximately $103,000. Spirit of America Management Corp NY acquired a new stake in JBG SMITH Properties during the 3rd quarter valued at approximately $171,000. CI Investments Inc. acquired a new stake in JBG SMITH Properties during the 3rd quarter valued at approximately $194,000. World Asset Management Inc acquired a new stake in JBG SMITH Properties during the 3rd quarter valued at approximately $205,000. Finally, Welch & Forbes LLC acquired a new stake in JBG SMITH Properties during the 3rd quarter valued at approximately $207,000. Institutional investors and hedge funds own 75.01% of the company’s stock.
Shares of JBG SMITH Properties (JBGS) traded down $0.81 during midday trading on Friday, reaching $33.67. The company’s stock had a trading volume of 360,800 shares, compared to its average volume of 570,633. JBG SMITH Properties has a 12-month low of $30.01 and a 12-month high of $37.75. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 0.70. The firm has a market cap of $3,970.00 and a price-to-earnings ratio of -99.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.225 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.90 dividend on an annualized basis and a yield of 2.67%. JBG SMITH Properties’s dividend payout ratio (DPR) is presently -132.35%.
In other JBG SMITH Properties news, Director Charles E. Haldeman acquired 20,000 shares of the stock in a transaction on Thursday, November 16th. The stock was purchased at an average price of $32.59 per share, for a total transaction of $651,800.00. Following the purchase, the director now directly owns 20,000 shares in the company, valued at $651,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
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About JBG SMITH Properties
JBG SMITH Properties is a real estate company. The Company is focused on the Washington, DC metropolitan area. Its assets consist of office, multifamily and retail properties. It operates through three segments: offices, multifamily and other. The Company’s assets are located primarily within submarkets in the District of Columbia and in the infill, Metro-served submarkets outside of Washington, DC.
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