Arizona State Retirement System raised its stake in shares of JBG SMITH Properties (NYSE:JBGS) by 18.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 76,896 shares of the company’s stock after buying an additional 12,200 shares during the period. Arizona State Retirement System owned approximately 0.06% of JBG SMITH Properties worth $2,832,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in JBGS. NN Investment Partners Holdings N.V. bought a new position in JBG SMITH Properties during the third quarter valued at approximately $217,000. State Treasurer State of Michigan raised its position in shares of JBG SMITH Properties by 16.6% in the third quarter. State Treasurer State of Michigan now owns 40,025 shares of the company’s stock valued at $1,474,000 after purchasing an additional 5,700 shares during the period. Securian Asset Management Inc raised its position in shares of JBG SMITH Properties by 14.5% in the third quarter. Securian Asset Management Inc now owns 13,261 shares of the company’s stock valued at $488,000 after purchasing an additional 1,680 shares during the period. Retirement Systems of Alabama raised its position in shares of JBG SMITH Properties by 15.9% in the third quarter. Retirement Systems of Alabama now owns 139,798 shares of the company’s stock valued at $5,149,000 after purchasing an additional 19,134 shares during the period. Finally, Xact Kapitalforvaltning AB raised its position in shares of JBG SMITH Properties by 9.4% in the third quarter. Xact Kapitalforvaltning AB now owns 16,300 shares of the company’s stock valued at $600,000 after purchasing an additional 1,400 shares during the period. 76.72% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on JBGS shares. Zacks Investment Research lowered shares of JBG SMITH Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. Stifel Nicolaus raised shares of JBG SMITH Properties from a “sell” rating to a “hold” rating and boosted their target price for the stock from $34.00 to $37.00 in a research report on Monday, October 22nd. Finally, ValuEngine upgraded shares of JBG SMITH Properties from a “hold” rating to a “buy” rating in a research note on Wednesday, October 24th.
JBGS traded up $0.26 during trading on Monday, reaching $40.33. 525,800 shares of the company’s stock were exchanged, compared to its average volume of 567,476. JBG SMITH Properties has a fifty-two week low of $30.86 and a fifty-two week high of $40.72. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.79 and a quick ratio of 3.79. The company has a market capitalization of $4.85 billion, a P/E ratio of 23.03 and a beta of 0.02.
The company also recently announced a quarterly dividend, which was paid on Monday, November 26th. Stockholders of record on Tuesday, November 13th were paid a $0.225 dividend. The ex-dividend date was Friday, November 9th. This represents a $0.90 annualized dividend and a dividend yield of 2.23%.
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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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