JBG SMITH Properties (NYSE:JBGS) Position Lowered by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its position in shares of JBG SMITH Properties (NYSE:JBGS) by 20.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,850 shares of the company’s stock after selling 10,000 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in JBG SMITH Properties were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in JBG SMITH Properties by 3.6% during the 1st quarter. BlackRock Inc. now owns 9,859,115 shares of the company’s stock worth $332,353,000 after acquiring an additional 345,917 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of JBG SMITH Properties by 7.0% in the 1st quarter. JPMorgan Chase & Co. now owns 3,833,886 shares of the company’s stock valued at $129,239,000 after buying an additional 249,845 shares during the last quarter. Thompson Siegel & Walmsley LLC boosted its holdings in shares of JBG SMITH Properties by 64.8% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 2,451,150 shares of the company’s stock valued at $82,629,000 after buying an additional 964,039 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of JBG SMITH Properties by 7.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,398,903 shares of the company’s stock valued at $47,157,000 after buying an additional 93,280 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of JBG SMITH Properties by 6.9% in the 1st quarter. Northern Trust Corp now owns 1,247,480 shares of the company’s stock valued at $42,052,000 after buying an additional 80,650 shares during the last quarter. 78.71% of the stock is owned by hedge funds and other institutional investors.

In related news, Director University Yale sold 40,533 shares of the firm’s stock in a transaction dated Friday, June 15th. The stock was sold at an average price of $38.12, for a total value of $1,545,117.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 13.33% of the company’s stock.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded JBG SMITH Properties from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd. Stifel Nicolaus assumed coverage on JBG SMITH Properties in a research report on Thursday, June 21st. They set a “sell” rating and a $34.00 price objective on the stock.

Shares of NYSE JBGS traded down $0.07 during mid-day trading on Friday, reaching $37.46. The company had a trading volume of 491,800 shares, compared to its average volume of 488,356. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.41 and a current ratio of 3.41. JBG SMITH Properties has a one year low of $30.79 and a one year high of $38.91. The stock has a market capitalization of $4.55 billion and a P/E ratio of 21.12.

The business also recently declared a quarterly dividend, which was paid on Monday, August 27th. Investors of record on Tuesday, August 14th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date was Monday, August 13th.

JBG SMITH Properties 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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Institutional Ownership by Quarter for JBG SMITH Properties (NYSE:JBGS)

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